PNR•PNR•After the second quarter ended, Pentair announced a CFO transition.
The current average analyst rating on the shares is "buy," with 12 "strong buy" or "buy," 4 "hold" and 3 "sell" or "strong sell" ratings.
The average consensus recommendation for the industrial machinery and equipment peer group is "buy." Wall Street's median 12-month price target for Pentair PLC is $102.00, about 34.8% above its July 14 closing price of $75.68.
The stock recently traded at 14 times the next 12-month earnings, versus a P/E of 16 three months ago.
Pentair said Pool segment sales and income were significantly reduced by inventory destocking and right sizing with channel partners.
The company also said results benefited from recoveries of tariffs previously collected under the International Emergency Economic Powers Act (IEEPA).
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Miss | $930 million | $1.14 billion (16 analysts) |
| Q2 Adjusted EPS | Miss | $1.12 | $1.48 (15 analysts) |
| Q2 EPS | $0.80 | ||
| Q2 Net Income | $130 million |
Pentair said preliminary second-quarter sales fell 17% and missed analyst expectations, while preliminary adjusted earnings per share also missed estimates.
The company said quarterly results were impacted by Pool channel inventory destocking and IEEPA refunds.
Pentair now sees 2026 sales down 4% to 7%, revising a prior guide for growth of 2% to 4%.
The company expects 2026 adjusted EPS of $4.60 to $4.80, down from a prior forecast of $5.30 to $5.40.
Pentair said Pool channel inventory destocking is expected to negatively affect 2026 Pool segment sales by $250 million.
