Korea Investment CORP Decreases Position in Pentair plc $PNR

Key Points

• Korea Investment CORP has reduced its stake in Pentair plc by 9.5%, now holding 183,109 shares valued at approximately $16 million after selling 19,249 shares in the first quarter.
• Pentair reported a quarterly EPS of $1.39, exceeding analysts' expectations, with revenue rising by 2.2% year-over-year.
• Several analysts have revised their price targets for Pentair, with Stifel Nicolaus raising it to $124.00 and Citigroup increasing their target to $125.00, indicating a generally positive outlook.

Korea Investment CORP decreased its stake in Pentair plc (NYSE:PNR - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 183,109 shares of the industrial products company's stock after selling 19,249 shares during the quarter. Korea Investment CORP owned about 0.11% of Pentair worth $16,018,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in Pentair during the fourth quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in Pentair during the 1st quarter valued at about $28,000. NBC Securities Inc. bought a new position in Pentair during the 1st quarter valued at about $33,000. Colonial Trust Co SC raised its position in Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after purchasing an additional 240 shares during the period. Finally, Horizon Financial Services LLC bought a new stake in Pentair in the first quarter worth about $38,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Performance

Shares of Pentair stock opened at $105.0190 on Thursday. Pentair plc has a 12 month low of $74.25 and a 12 month high of $110.71. The stock's fifty day moving average price is $103.37 and its 200-day moving average price is $95.72. The firm has a market cap of $17.22 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $1.22 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, equities research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. TD Cowen downgraded Pentair from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Oppenheimer lifted their target price on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Citigroup reaffirmed a "buy" rating and issued a $125.00 price target (up previously from $99.00) on shares of Pentair in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.36.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.