Pentair plc $PNR Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Pentair position by 81.1% in the second quarter, selling 247,083 shares and retaining 57,757 shares valued at $4.43 million. Institutional investors collectively own 92.37% of PNR.
• Pentair beat quarterly EPS expectations at $1.14 versus $1.12, but revenue fell 17% year over year to $932.6 million. Shares opened at $65.76, near the lower end of their 52-week range of $57.60 to $113.95.
• Analysts have recently lowered price targets and ratings, leaving Pentair with a consensus “Hold” rating and an average target of $89.94. The company also faces investor litigation allegations related to pool-channel destocking and inventory issues, while earnings estimates have been reduced.

Assenagon Asset Management S.A. reduced its position in Pentair plc (NYSE:PNR - Free Report) by 81.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,757 shares of the industrial products company's stock after selling 247,083 shares during the period. Assenagon Asset Management S.A.'s holdings in Pentair were worth $4,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Pentair by 71.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Pentair during the 3rd quarter worth $26,000. Motiv8 Investments LLC acquired a new position in shares of Pentair during the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Pentair in the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC boosted its position in shares of Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company's stock worth $44,000 after buying an additional 362 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Performance

Shares of PNR opened at $65.76 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.53 and a beta of 1.04. The company's 50 day simple moving average is $70.87 and its 200 day simple moving average is $82.63. Pentair plc has a 1 year low of $57.60 and a 1 year high of $113.95.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm 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%. Pentair's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. Pentair has set its Q3 2026 guidance at 1.050-1.080 EPS. On average, sell-side analysts predict that Pentair plc will post 4.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Pentair from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 3rd. Mizuho reduced their price target on shares of Pentair from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. Stifel Nicolaus reiterated a "hold" rating and issued a $65.00 price target (down from $103.00) on shares of Pentair in a research report on Thursday, July 16th. BNP Paribas Exane reissued an "underperform" rating and set a $64.00 price objective (down from $75.00) on shares of Pentair in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada downgraded Pentair from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $101.00 to $74.00 in a research report on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Pentair has a consensus rating of "Hold" and an average price target of $89.94.

Pentair News Roundup

Here are the key news stories impacting Pentair this week:

• Neutral Sentiment: Multiple law firms reiterated that investors who purchased Pentair securities during periods generally spanning April 28 through July 14, 2026, may seek appointment as lead plaintiff by October 2, 2026. These releases largely repeat details of the same pending securities class action rather than announce a new lawsuit or a new company operating development. Robbins Geller Pentair Class Action Notice
• Negative Sentiment: The litigation alleges that Pentair and certain executives failed to disclose pool-channel destocking and inventory problems, allegedly inflating the share price before an approximately 15% decline. One notice also links the disclosures to the abrupt departure of Pentair’s CFO. The allegations have not been proven, but continued legal publicity increases reputational, financial, and management risk for PNR. Pentair Pool Inventory Securities Lawsuit
• Negative Sentiment: Zacks Research reduced its Pentair EPS forecasts for Q4 2026 to $1.20 from $1.32, Q3 2027 to $1.27 from $1.44, and Q4 2027 to $1.37 from $1.49. The cuts reinforce concerns about weaker near-term earnings momentum, although the broader full-year consensus remains $4.65 per share. Pentair Analyst Estimate Revisions

Pentair 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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