Pentair plc $PNR Holdings Lifted by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Pentair plc by 7.3%, owning 2,105,727 shares valued at approximately $184.21 million as of the latest SEC filing.
• Pentair recently reported an EPS of $1.39, exceeding analysts' expectations, with a revenue increase of 2.2% year-over-year for the quarter.
• Wall Street analysts have set a consensus price target of $114.36 for Pentair, with several firms upgrading their ratings and target prices.

Northern Trust Corp raised its position in shares of Pentair plc (NYSE:PNR - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,105,727 shares of the industrial products company's stock after buying an additional 143,464 shares during the quarter. Northern Trust Corp owned about 1.28% of Pentair worth $184,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of Pentair in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Pentair during the 1st quarter worth $28,000. Colonial Trust Co SC boosted its stake in Pentair by 230.8% during 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 last quarter. NBC Securities Inc. purchased a new position in shares of Pentair during the 1st quarter worth $33,000. Finally, North Capital Inc. purchased a new position in shares of Pentair during the 1st quarter worth $38,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup restated a "buy" rating and issued a $125.00 price objective (up from $99.00) on shares of Pentair in a report on Monday, July 14th. Barclays increased their price target on shares of Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. TD Cowen downgraded Pentair from a "buy" rating to a "hold" rating and reduced their target price for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.36.

Pentair Stock Performance

Shares of PNR stock traded up $0.39 on Wednesday, hitting $109.56. 209,574 shares of the stock traded hands, compared to its average volume of 1,542,900. Pentair plc has a 1-year low of $74.25 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The company's fifty day moving average is $104.19 and its 200 day moving average is $95.93. The company has a market capitalization of $17.96 billion, a PE ratio of 29.93, a PEG ratio of 2.07 and a beta of 1.07.

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 the consensus estimate of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $1.22 earnings per share. The firm'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 predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

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.