Pentair plc $PNR Stake Trimmed by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Pentair plc by 20.1%, now owning 12,339 shares worth approximately $1,079,000.
• Pentair's recent quarterly earnings beat estimates, reporting $1.39 earnings per share, with revenue of $1.12 billion, experiencing a 2.2% year-over-year increase.
• Multiple analysts have raised their price targets for Pentair, with a consensus average target price now at $114.36 and a rating of "Moderate Buy".

Rafferty Asset Management LLC cut its position in shares of Pentair plc (NYSE:PNR - Free Report) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,339 shares of the industrial products company's stock after selling 3,096 shares during the quarter. Rafferty Asset Management LLC's holdings in Pentair were worth $1,079,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in Pentair by 32.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 170,973 shares of the industrial products company's stock worth $14,957,000 after purchasing an additional 42,050 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Pentair by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,767,782 shares of the industrial products company's stock worth $154,646,000 after purchasing an additional 17,817 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Pentair during the first quarter worth $2,335,000. Jump Financial LLC lifted its stake in Pentair by 150.0% during the first quarter. Jump Financial LLC now owns 36,600 shares of the industrial products company's stock worth $3,202,000 after purchasing an additional 21,962 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in Pentair during the first quarter worth $89,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Pentair stock traded up $0.60 during midday trading on Friday, hitting $110.66. The company's stock had a trading volume of 1,118,577 shares, compared to its average volume of 1,148,805. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average price is $105.55 and its 200-day moving average price is $96.55. Pentair plc has a 12 month low of $74.25 and a 12 month high of $111.80. The company has a market capitalization of $18.14 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.22 earnings per share. Pentair's revenue for the quarter 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. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PNR has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Mizuho boosted their price target on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Bank of America lowered shares of Pentair from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. Barclays raised their price target 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, Oppenheimer raised their price target on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.