Pentair plc $PNR Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in Pentair plc by 160.6%, owning 660,566 shares valued at approximately $57.8 million.
• Equity analysts have raised their price targets on Pentair, with estimates now ranging from $116.00 to $124.00, suggesting a strong outlook for the company's stock.
• Pentair reported a quarterly EPS of $1.39, surpassing the consensus estimate and indicating a 2.2% revenue growth year-over-year.

Woodline Partners LP raised its position in Pentair plc (NYSE:PNR - Free Report) by 160.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,566 shares of the industrial products company's stock after purchasing an additional 407,111 shares during the period. Woodline Partners LP owned about 0.40% of Pentair worth $57,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Pentair in the 1st quarter valued at about $28,000. NBC Securities Inc. purchased a new position in shares of Pentair in the 1st quarter worth about $33,000. Horizon Financial Services LLC purchased a new position in shares of Pentair in the 1st quarter worth about $38,000. North Capital Inc. purchased a new stake in shares of Pentair in the first quarter worth about $38,000. Finally, Versant Capital Management Inc boosted its position in shares of Pentair by 128.4% in the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock worth $44,000 after buying an additional 285 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and reduced their price objective for the company from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Citigroup restated a "buy" rating and set a $125.00 price objective (up previously from $99.00) on shares of Pentair in a research note on Monday, July 14th. Finally, Bank of America downgraded Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.36.

Pentair Stock Performance

Shares of NYSE:PNR traded down $1.59 on Friday, reaching $111.00. 915,213 shares of the company's stock were exchanged, compared to its average volume of 1,514,807. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.09 and a beta of 1.08. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $112.91. The business's 50-day moving average is $105.98 and its two-hundred day moving average is $96.99. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.

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 company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $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, equities research analysts forecast 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.