Pentair plc $PNR Shares Purchased by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB increased its Pentair stake by 10.2% in the second quarter, purchasing 19,053 additional shares to own 206,025 shares valued at approximately $15.8 million. Institutional investors collectively own 92.37% of the company.
• Pentair’s latest quarterly EPS of $1.14 exceeded estimates, but revenue fell 17% year over year to $932.6 million. The company guided to third-quarter EPS of $1.05–$1.08, while analysts have lowered several future earnings forecasts.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $89.94. Pentair also faces securities-fraud class-action allegations related to Pool channel inventory destocking, though the claims have not been proven in court.

Handelsbanken Fonder AB raised its stake in Pentair plc (NYSE:PNR - Free Report) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,025 shares of the industrial products company's stock after buying an additional 19,053 shares during the period. Handelsbanken Fonder AB owned approximately 0.13% of Pentair worth $15,794,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Moors & Cabot Inc. raised its position in Pentair by 0.9% during the third quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company's stock valued at $1,219,000 after buying an additional 100 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company's stock worth $26,000 after buying an additional 105 shares during the period. Private Advisor Group LLC increased its stake in shares of Pentair by 1.2% in the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company's stock worth $984,000 after purchasing an additional 105 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Pentair by 0.3% during the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company's stock worth $3,915,000 after buying an additional 107 shares during the last quarter. Finally, Plan A Wealth LLC boosted its holdings in Pentair by 6.0% in the 4th quarter. Plan A Wealth LLC now owns 2,009 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 113 shares during the period. 92.37% of the stock is owned by institutional investors.

More Pentair News

Here are the key news stories impacting Pentair this week:

• Positive Sentiment: Filtration demand reportedly remains stable, providing some support for Pentair’s water-solutions business and helping the shares move higher despite broader concerns about the company’s outlook. Pentair Edges Up as Filtration Demand Stays Steady
• Neutral Sentiment: Multiple law firms announced or promoted the same securities-fraud class action, with an October 2, 2026 deadline for investors to seek lead-plaintiff status. The repeated notices largely add publicity rather than representing separate lawsuits or a new company filing. Expanded Class Period Securities Fraud Class Action
• Negative Sentiment: The lawsuit allegations center on Pentair’s Pool channel inventory management. Plaintiffs claim undisclosed destocking reduced segment sales by approximately $170 million in one quarter while investors were being guided toward growth, allegedly contributing to a subsequent per-share share-price decline. The allegations have not been proven in court. PNR Securities Class Action Deadline Alert
• Negative Sentiment: Zacks Research reduced several Pentair EPS forecasts, including Q3 2026 to $1.08 from $1.34, FY2027 to $5.18 from $5.84, and FY2028 to $5.74 from $6.30. The revisions suggest weaker near- and longer-term earnings expectations, even though the FY2026 estimate of $4.63 is close to the broader $4.65 consensus. Pentair Analyst Estimates

Pentair Stock Up 1.8%

Shares of NYSE:PNR opened at $66.92 on Friday. The company's fifty day moving average is $70.75 and its 200-day moving average is $82.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. Pentair plc has a 52 week low of $57.60 and a 52 week high of $113.95. The company has a market capitalization of $10.68 billion, a PE ratio of 16.81, a P/E/G ratio of 1.50 and a beta of 1.04.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.02. The business had revenue of $932.60 million during the quarter, compared to analysts' expectations of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The firm's revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Pentair has set its Q3 2026 guidance at 1.050-1.080 EPS. Equities research analysts predict that Pentair plc will post 4.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PNR. Citigroup reduced their target price on shares of Pentair from $112.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Wolfe Research lowered Pentair from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Oppenheimer decreased their price target on shares of Pentair from $115.00 to $94.00 and set an "outperform" rating on the stock in a research note on Thursday, July 16th. Bank of America dropped their price objective on shares of Pentair from $100.00 to $88.00 and set an "underperform" rating for the company in a research note on Monday, April 20th. Finally, Robert W. Baird lowered their target price on shares of Pentair from $83.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $89.94.

Pentair Company Profile

Pentair plc NYSE: PNR is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair's offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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