Pentair plc $PNR Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its holdings in Pentair plc by 3.7%, now owning approximately 144,996 shares valued at $12.68 million.
• Analysts have mixed views on Pentair, with Bank of America downgrading the stock to "underperform" while Citigroup and Stifel Nicolaus set higher target prices, indicating a consensus rating of "Moderate Buy".
• Pentair's recent quarterly earnings surpassed estimates, reporting $1.39 EPS against an expected $1.33, with guidance for FY 2025 set between 4.750-4.85 EPS.

Wellington Management Group LLP reduced its holdings in Pentair plc (NYSE:PNR - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,996 shares of the industrial products company's stock after selling 5,628 shares during the period. Wellington Management Group LLP owned approximately 0.09% of Pentair worth $12,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Horizon Investments LLC lifted its stake in shares of Pentair by 4.8% in the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock worth $207,000 after buying an additional 109 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Pentair by 14.8% in the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock worth $74,000 after buying an additional 109 shares in the last quarter. Strategic Blueprint LLC raised its stake in Pentair by 2.3% during the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock worth $483,000 after purchasing an additional 123 shares during the period. HB Wealth Management LLC raised its stake in Pentair by 5.6% during the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock worth $315,000 after purchasing an additional 192 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in Pentair by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock worth $3,012,000 after purchasing an additional 197 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Trading Down 1.5%

Shares of PNR traded down $1.68 during trading on Friday, reaching $107.50. 1,048,959 shares of the company traded hands, compared to its average volume of 1,330,926. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71. The stock has a market cap of $17.62 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The stock has a 50-day simple moving average of $104.90 and a 200-day simple moving average of $96.14. 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 (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share 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 business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $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. On average, analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on PNR shares. Stifel Nicolaus lifted their target price on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Oppenheimer lifted their target price on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Finally, Barclays lifted their target price on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Company 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.