Gotham Asset Management LLC Sells 22,633 Shares of Pentair plc $PNR

Key Points

• Gotham Asset Management LLC reduced its holdings in Pentair plc by 11.2%, ending the first quarter with approximately 178,751 shares valued at $15,637,000.
• Several hedge funds entered or modified positions in Pentair, leading to 92.37% of the stock now being owned by institutional investors.
• Analysts have been optimistic about Pentair, with price targets being raised by firms such as Mizuho and Stifel Nicolaus, contributing to a consensus "Moderate Buy" rating.

Gotham Asset Management LLC lowered its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,751 shares of the industrial products company's stock after selling 22,633 shares during the period. Gotham Asset Management LLC owned about 0.11% of Pentair worth $15,637,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PNR. Horizon Investments LLC raised its holdings in shares of Pentair by 4.8% in the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock valued at $207,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Pentair by 14.8% in the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after buying an additional 109 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Pentair by 2.3% in the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after buying an additional 123 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock valued at $315,000 after buying an additional 192 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of Pentair by 0.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock valued at $3,012,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Trading Down 1.4%

Shares of PNR stock traded down $1.59 on Tuesday, reaching $109.09. The company had a trading volume of 1,062,308 shares, compared to its average volume of 1,524,969. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $17.88 billion, a PE ratio of 29.81, a PEG ratio of 2.12 and a beta of 1.08. The company has a 50-day moving average of $105.71 and a 200-day moving average of $96.68. Pentair plc has a 12 month low of $74.25 and a 12 month high of $111.80.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly 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. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.Pentair's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. 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 analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PNR. TD Cowen cut Pentair from a "buy" rating to a "hold" rating and cut their price target for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price (up previously from $99.00) on shares of Pentair in a research note on Monday, July 14th. Mizuho raised their target price on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Barclays raised their target price 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. Finally, Bank of America downgraded Pentair from a "neutral" rating to an "underperform" rating and cut their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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.