Millennium Management LLC Lowers Stock Holdings in Pentair plc $PNR

Key Points

• Millennium Management LLC reduced its stake in Pentair plc by 21.4%, selling 138,724 shares to hold a total of 509,831 shares valued at approximately $44.6 million.
• Pentair's quarterly earnings exceeded analysts' expectations, with an EPS of $1.39, and the firm anticipates Q3 2025 guidance set between 1.160-1.20 EPS.
• Analysts have varying views on Pentair, with a consensus rating of "Moderate Buy" and an average price target of $114.36, reflecting recent upgrades and downgrades from several firms.

Millennium Management LLC cut its holdings in Pentair plc (NYSE:PNR - Free Report) by 21.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,831 shares of the industrial products company's stock after selling 138,724 shares during the quarter. Millennium Management LLC owned 0.31% of Pentair worth $44,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. increased its position in shares of Pentair by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after buying an additional 3,476 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Pentair by 31.5% in the first quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock valued at $390,000 after buying an additional 1,067 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Pentair by 6.6% in the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after buying an additional 253 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Pentair by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock valued at $347,000 after buying an additional 487 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Pentair by 44.7% in the first quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock valued at $265,000 after buying an additional 937 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PNR has been the subject of a number of research analyst reports. Bank of America cut Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $106.00 to $100.00 in a report on Tuesday, July 29th. Citigroup reissued a "buy" rating and set a $125.00 target price (up previously from $99.00) on shares of Pentair in a report on Monday, July 14th. Oppenheimer increased their target price on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Mizuho increased their target price on Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Trading Down 1.4%

Pentair stock traded down $1.59 during mid-day trading on Friday, hitting $111.00. The company's stock had a trading volume of 915,213 shares, compared to its average volume of 1,514,807. The firm has a market capitalization of $18.20 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Pentair plc has a 1 year low of $74.25 and a 1 year high of $112.91. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock's fifty day moving average is $105.98 and its two-hundred day moving average is $96.99.

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

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.