Parnassus Investments LLC Has $41.54 Million Holdings in Pentair plc $PNR

Key Points

• Parnassus Investments LLC reduced its stake in Pentair plc by 8.1%, now owning approximately 0.29% of the company, valued at about $41.5 million.
• Pentair reported earnings per share (EPS) of $1.39 for the last quarter, exceeding estimates, and forecasted Q3 2025 EPS guidance between 1.160-1.20.
• Equities analysts have offered mixed ratings on Pentair, with the average consensus rating being a "Moderate Buy" and a price target of $114.36.

Parnassus Investments LLC trimmed its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 474,833 shares of the industrial products company's stock after selling 41,965 shares during the quarter. Parnassus Investments LLC owned about 0.29% of Pentair worth $41,538,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PNR. Horizon Investments LLC raised its stake in Pentair by 4.8% during the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock worth $207,000 after acquiring an additional 109 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Pentair by 14.8% in the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after purchasing an additional 109 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of Pentair by 2.3% during the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 123 shares during the last quarter. HB Wealth Management LLC increased its position in Pentair by 5.6% during the 1st quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock worth $315,000 after purchasing an additional 192 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in Pentair by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock valued at $3,012,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Trading Down 1.1%

Shares of NYSE:PNR traded down $1.21 during midday trading on Tuesday, reaching $106.32. The company's stock had a trading volume of 1,096,061 shares, compared to its average volume of 1,536,440. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. The firm has a 50 day moving average price of $105.05 and a two-hundred day moving average price of $96.21. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.06 and a beta of 1.08.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNR. Barclays upped their target price on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Oppenheimer lifted their target price on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen cut shares of Pentair from a "buy" rating to a "hold" rating and decreased their price target for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their price target on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.36.

Pentair Company Profile

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.