Bank of America Lowers Pentair (NYSE:PNR) Price Target to $88.00

Pentair (NYSE:PNR) had its target price lowered by analysts at Bank of America from $100.00 to $88.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “underperform” rating on the industrial products company’s stock. Bank of America‘s price target would suggest a potential downside of 3.44% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada set a $117.00 price target on shares of Pentair in a research note on Wednesday, February 4th. Barclays lowered their price objective on shares of Pentair from $102.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. TD Cowen lowered shares of Pentair from a “buy” rating to a “market perform” rating in a report on Monday, January 5th. Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings cut Pentair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 8th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $111.07.

Pentair Stock Performance

PNR stock opened at $91.13 on Monday. Pentair has a 1-year low of $77.71 and a 1-year high of $113.95. The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a market cap of $14.73 billion, a PE ratio of 23.01, a P/E/G ratio of 1.45 and a beta of 1.25. The business’s 50-day moving average price is $92.79 and its two-hundred day moving average price is $101.26.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Pentair’s revenue was up 4.9% compared to the same quarter last year. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. As a group, research analysts forecast that Pentair will post 4.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael T. Speetzen sold 7,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total transaction of $699,930.00. Following the completion of the transaction, the director owned 8,290 shares in the company, valued at approximately $828,917.10. This represents a 45.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip M. Rolchigo sold 6,493 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the transaction, the executive vice president directly owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. This trade represents a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Pentair

Several hedge funds have recently modified their holdings of PNR. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Wexford Capital LP bought a new position in Pentair in the third quarter valued at approximately $26,000. Motiv8 Investments LLC bought a new position in Pentair in the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Pentair by 64.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Pentair during the 3rd quarter worth approximately $41,000. Institutional investors own 92.37% of the company’s stock.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.