MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Holdings in Pentair plc $PNR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in Pentair plc by 3.3%, now owning approximately 0.69% of the company worth about $99.8 million.
• Analysts show mixed sentiments towards Pentair, with several target price adjustments; Stifel Nicolaus raised their target to $124.00 while Bank of America lowered it to $100.00.
• Pentair reported earnings of $1.39 per share, beating expectations, with a revenue of $1.12 billion, reflecting a 2.2% year-over-year growth.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in Pentair plc (NYSE:PNR - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,140,794 shares of the industrial products company's stock after selling 39,228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.69% of Pentair worth $99,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Pentair during the 1st quarter worth about $28,000. NBC Securities Inc. bought a new position in Pentair in the 1st quarter valued at about $33,000. Colonial Trust Co SC raised its holdings in Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 240 shares during the period. Horizon Financial Services LLC bought a new position in shares of Pentair during the first quarter worth approximately $38,000. Finally, North Capital Inc. bought a new position in shares of Pentair during the first quarter worth approximately $38,000. 92.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PNR shares. Robert W. Baird increased their price target on shares of Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research report 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. Bank of America lowered shares of Pentair from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. TD Cowen lowered shares of Pentair from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and an average price target of $114.36.

Pentair Trading Up 0.1%

Shares of NYSE:PNR traded up $0.07 during mid-day trading on Monday, reaching $110.71. 955,601 shares of the company's stock were exchanged, compared to its average volume of 1,147,402. The firm 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 business's fifty day moving average price is $105.71 and its 200-day moving average price is $96.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. Pentair plc has a twelve month low of $74.25 and a twelve month high of $111.80.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share. 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 predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair 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.