Prospector Partners LLC Decreases Stock Holdings in Pentair plc $PNR

Key Points

• Prospector Partners LLC decreased its stake in Pentair plc by 10.4%, selling 15,253 shares to own approximately 130,788 shares valued at $11.44 million by the end of the first quarter.
• Pentair's shares opened at $105.04 with a market cap of $17.22 billion, and it reported a quarterly EPS of $1.39, exceeding analysts' expectations of $1.33.
• Analysts have given Pentair a consensus rating of "Moderate Buy", with various target price upgrades, including Barclays increasing their target from $116.00 to $117.00.

Prospector Partners LLC trimmed its stake in Pentair plc (NYSE:PNR - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,788 shares of the industrial products company's stock after selling 15,253 shares during the period. Prospector Partners LLC owned 0.08% of Pentair worth $11,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versor Investments LP purchased a new stake in shares of Pentair in the 1st quarter worth about $425,000. Corient IA LLC purchased a new stake in shares of Pentair in the 1st quarter worth about $350,000. Raymond James Financial Inc. lifted its position in shares of Pentair by 79.6% in the 1st quarter. Raymond James Financial Inc. now owns 267,453 shares of the industrial products company's stock worth $23,397,000 after purchasing an additional 118,521 shares during the period. Cresset Asset Management LLC lifted its position in shares of Pentair by 13.0% in the 1st quarter. Cresset Asset Management LLC now owns 90,162 shares of the industrial products company's stock worth $7,887,000 after purchasing an additional 10,378 shares during the period. Finally, American Century Companies Inc. lifted its position in Pentair by 8.6% during the 1st quarter. American Century Companies Inc. now owns 8,837 shares of the industrial products company's stock valued at $773,000 after acquiring an additional 703 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Up 3.9%

Shares of NYSE:PNR traded up $4.0520 during trading on Friday, reaching $108.4920. 1,257,989 shares of the stock traded hands, compared to its average volume of 1,523,228. The stock has a 50-day moving average of $103.72 and a two-hundred day moving average of $95.81. Pentair plc has a 52-week low of $74.25 and a 52-week high of $110.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. The stock has a market cap of $17.79 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.07.

Pentair (NYSE:PNR - Get Free Report) last posted 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. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business'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. As a group, sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PNR. Oppenheimer lifted their price target on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen cut shares of Pentair from a "buy" rating to a "hold" rating and lowered their price target for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Mizuho lifted their price target on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Bank of America cut shares of Pentair from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. 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. Based on data from MarketBeat.com, Pentair currently has a consensus rating of "Moderate Buy" and an average 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.