Renaissance Technologies LLC Buys Shares of 329,664 Pentair plc $PNR

Renaissance Technologies LLC bought a new stake in Pentair plc (NYSE:PNR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 329,664 shares of the industrial products company’s stock, valued at approximately $28,717,000.

Several other large investors have also modified their holdings of PNR. Inceptionr LLC acquired a new position in Pentair in the 1st quarter valued at $1,721,000. Gibbs Wealth Management raised its position in Pentair by 18.6% during the 1st quarter. Gibbs Wealth Management now owns 7,037 shares of the industrial products company’s stock worth $613,000 after buying an additional 1,103 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Pentair by 4.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 23,238 shares of the industrial products company’s stock worth $2,024,000 after acquiring an additional 1,068 shares during the period. CI Investments Inc. lifted its stake in shares of Pentair by 8.5% in the 1st quarter. CI Investments Inc. now owns 2,657 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 209 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Pentair by 52.9% in the first quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company’s stock valued at $105,844,000 after acquiring an additional 420,140 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair News Summary

Here are the key news stories impacting Pentair this week:

• Positive Sentiment: Pentair reported adjusted second-quarter earnings of $1.14 per share, slightly above the $1.12 analyst consensus. Flow sales increased 5%, and the company repurchased $150 million of shares during the quarter. Pentair Reports Second Quarter 2026 Results
• Positive Sentiment: Pentair agreed to acquire Taco Group Holdings for approximately $1.4 billion, adding hydronic and water-based solutions. Management expects the deal to broaden its portfolio and create exposure to infrastructure and data-center-related water and cooling demand; the purchase price represents roughly 10.5 times estimated 2026 EBITDA. Pentair to Acquire Taco Group Holdings
• Neutral Sentiment: The company maintained solid financial metrics, including a 21.92% return on equity, 15.98% net margin, 1.88 current ratio and 0.51 debt-to-equity ratio. These figures may provide capacity to fund the acquisition, although investors will monitor leverage and integration execution.
• Negative Sentiment: Second-quarter revenue fell 17% year over year to $932.6 million and missed the $943.2 million consensus. Pool sales plunged 42% because of approximately $170 million of channel-inventory destocking, while net income declined to $128.6 million from $148.5 million. PNR’s Q2 Earnings Beat Estimates, Revenues Miss on Pool Weakness
• Negative Sentiment: Pentair’s third-quarter adjusted EPS outlook of $1.05–$1.08 is substantially below the $1.33 consensus, while revenue guidance of $960.7–$981.1 million implies limited near-term growth. Full-year 2026 GAAP EPS guidance was reduced to approximately $3.86–$4.06.
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations and fiduciary-duty breaches tied to Pool inventory destocking and the company’s recent stock decline. The announcements create reputational and potential litigation risks, although no wrongdoing has been established.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen cut their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a report on Wednesday, April 29th. Oppenheimer lowered their price objective on Pentair from $115.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Wall Street Zen cut Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Jefferies Financial Group set a $90.00 target price on Pentair in a research note on Wednesday, July 15th. Finally, Wolfe Research cut Pentair from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.75.

Pentair Price Performance

Shares of NYSE PNR opened at $66.72 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. Pentair plc has a one year low of $57.60 and a one year high of $113.95. The firm has a market capitalization of $10.78 billion, a P/E ratio of 16.35, a PEG ratio of 1.34 and a beta of 1.03. The company’s fifty day moving average is $72.05 and its two-hundred day moving average is $85.56.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $932.60 million during the quarter, compared to the consensus estimate of $943.24 million. During the same quarter last year, the firm posted $1.39 EPS. The business’s revenue was down 17.0% compared to the same quarter last year. Pentair has set its Q3 2026 guidance at 1.050-1.080 EPS. Analysts forecast that Pentair plc will post 4.78 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is presently 26.47%.

Pentair Profile

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.