Royal Bank of Canada Sells 260,628 Shares of Pentair plc $PNR

Royal Bank of Canada decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 47.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285,122 shares of the industrial products company's stock after selling 260,628 shares during the quarter. Royal Bank of Canada owned about 0.17% of Pentair worth $24,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of Pentair by 4.8% during the first quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock worth $6,590,000 after acquiring an additional 3,476 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Pentair by 31.5% during the first quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock valued at $390,000 after purchasing an additional 1,067 shares during the last quarter. Fifth Third Bancorp lifted its position in Pentair by 6.6% during the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after purchasing an additional 253 shares during the last quarter. GAMMA Investing LLC lifted its position in Pentair by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock valued at $347,000 after purchasing an additional 487 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Pentair by 44.7% during the first quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Pentair Trading Down 0.8%

PNR stock traded down $0.92 during trading on Friday, hitting $111.67. The company had a trading volume of 216,313 shares, compared to its average volume of 1,510,608. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. Pentair plc has a 52-week low of $74.25 and a 52-week high of $112.91. The company has a 50 day simple moving average of $105.98 and a 200-day simple moving average of $96.99. The firm has a market capitalization of $18.31 billion, a P/E ratio of 30.50, a PEG ratio of 2.09 and a beta of 1.08.

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

Analysts Set New Price Targets

Several equities analysts have commented on PNR shares. 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 report 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 report on Wednesday, July 23rd. Stifel Nicolaus increased their target price on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and reduced their target price for the company from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Finally, Mizuho increased 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pentair presently has a consensus rating of "Moderate Buy" and a consensus target price 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.