Pentair plc $PNR Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in Pentair plc by 26.7%, selling 42,853 shares, bringing their total ownership to 117,479 shares valued at approximately $10.3 million.
• Pentair recently reported quarterly earnings of $1.39 EPS, exceeding estimates, with a revenue of $1.12 billion up 2.2% from the previous year.
• An analysis by several investment firms has resulted in mixed ratings for Pentair, with price targets ranging from $100 to $122 and a general consensus rating of Moderate Buy.

Voya Investment Management LLC decreased its position in Pentair plc (NYSE:PNR - Free Report) by 26.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 117,479 shares of the industrial products company's stock after selling 42,853 shares during the period. Voya Investment Management LLC owned about 0.07% of Pentair worth $10,277,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Strs Ohio acquired a new stake in Pentair in the first quarter valued at $18,693,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Pentair by 19.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company's stock valued at $361,275,000 after purchasing an additional 661,154 shares during the last quarter. Woodline Partners LP grew its holdings in Pentair by 160.6% in the first quarter. Woodline Partners LP now owns 660,566 shares of the industrial products company's stock valued at $57,786,000 after purchasing an additional 407,111 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in Pentair in the first quarter valued at $313,000. Finally, United Services Automobile Association acquired a new stake in Pentair in the first quarter valued at $297,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Analysts Set New Price Targets

PNR has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Robert W. Baird increased their price objective on Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Barclays increased their price objective on Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Mizuho increased their price objective on Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Oppenheimer increased their price objective on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Pentair currently has a consensus rating of "Moderate Buy" and an average price target of $114.36.

Pentair Stock Down 1.1%

Shares of NYSE:PNR traded down $1.20 during mid-day trading on Friday, hitting $110.32. 2,172,932 shares of the company traded hands, compared to its average volume of 1,054,122. The firm has a market cap of $18.08 billion, a P/E ratio of 30.14, a PEG ratio of 2.14 and a beta of 1.08. 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 52-week low of $74.25 and a 52-week high of $112.91. The firm's 50 day simple moving average is $106.48 and its 200 day simple moving average is $97.75.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business 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. On average, equities analysts anticipate that Pentair plc will post 4.77 EPS for the current 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.