Alliancebernstein L.P. Has $241.04 Million Stake in Pentair plc $PNR

Key Points

• Alliancebernstein L.P. reduced its stake in Pentair plc by 2.4%, holding approximately 2,755,325 shares valued at $241 million as of the latest SEC filing.
• Pentair reported earnings of $1.39 per share for the last quarter, beating analysts' expectations, with a revenue of $1.12 billion.
• Barclays upgraded Pentair's target price to $117.00, while Bank of America downgraded it to $100.00, reflecting mixed sentiment among analysts regarding the stock's performance.

Alliancebernstein L.P. decreased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,755,325 shares of the industrial products company's stock after selling 68,403 shares during the quarter. Alliancebernstein L.P. owned 1.67% of Pentair worth $241,036,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its stake in Pentair by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,352 shares of the industrial products company's stock valued at $1,142,000 after purchasing an additional 494 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Pentair by 14.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,353 shares of the industrial products company's stock valued at $237,000 after buying an additional 303 shares during the period. BNP Paribas Financial Markets raised its holdings in Pentair by 26.0% in the 4th quarter. BNP Paribas Financial Markets now owns 384,651 shares of the industrial products company's stock valued at $38,711,000 after buying an additional 79,357 shares during the last quarter. Baird Financial Group Inc. boosted its position in Pentair by 2.0% during the 4th quarter. Baird Financial Group Inc. now owns 48,940 shares of the industrial products company's stock worth $4,925,000 after buying an additional 969 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in Pentair during the 4th quarter worth approximately $278,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Up 0.1%

PNR traded up $0.07 during midday trading on Monday, hitting $110.71. The company had a trading volume of 944,403 shares, compared to its average volume of 1,527,589. The stock's 50 day moving average price is $105.55 and its 200 day moving average price is $96.56. Pentair plc has a 52 week low of $74.25 and a 52 week high of $111.80. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.12 and a beta of 1.08. 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 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $1.22 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Oppenheimer lifted their target price on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Robert W. Baird increased their price target on Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. 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 note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.36.

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.