Raymond James Financial Inc. Increases Stake in Pentair plc $PNR

Key Points

• Raymond James Financial Inc. increased its stake in Pentair plc by 79.6%, owning 267,453 shares valued at approximately $23.4 million after acquiring an additional 118,521 shares in Q1.
• Pentair reported earnings of $1.39 per share, exceeding analyst expectations of $1.33, along with a revenue of $1.12 billion for the quarter.
• Wall Street analysts have raised their price targets for Pentair, with JPMorgan increasing its objective from $113 to $116, and Robert W. Baird raising theirs from $107 to $121, indicating a positive outlook on the stock.

Raymond James Financial Inc. grew its position in shares of Pentair plc (NYSE:PNR - Free Report) by 79.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,453 shares of the industrial products company's stock after buying an additional 118,521 shares during the quarter. Raymond James Financial Inc. owned 0.16% of Pentair worth $23,397,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in shares of Pentair in the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Pentair in the 1st quarter valued at about $28,000. NBC Securities Inc. purchased a new position in shares of Pentair in the 1st quarter valued at about $33,000. Colonial Trust Co SC increased its holdings in shares of 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 purchasing an additional 240 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in shares of Pentair in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Trading Down 0.6%

Shares of PNR stock opened at $107.9440 on Tuesday. The firm has a market cap of $17.70 billion, a P/E ratio of 29.49, a PEG ratio of 2.08 and a beta of 1.07. Pentair plc has a 1-year low of $74.25 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The firm's 50-day simple moving average is $103.93 and its 200-day simple moving average is $95.84.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company's revenue 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, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PNR. JPMorgan Chase & Co. increased their price objective on shares of Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Oppenheimer increased their price objective 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. Barclays increased their price objective 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, Robert W. Baird increased their price objective on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.36.

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.

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