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Pentair plc reported third-quarter 2026 adjusted earnings per share of $1.18 on revenue of $976.4 million, while providing a fourth-quarter adjusted EPS outlook.
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Pentair has partnered with software provider Sievo to consolidate its global spend analysis and improve working capital through enhanced data visibility.
Several financial institutions, including BNP Paribas, Goldman Sachs, and RBC, updated their ratings and price targets for Pentair following recent company disclosures.
Goldman Sachs has revised its price target for Pentair plc, increasing it from $60 to $66.
BNP Paribas has downgraded Pentair plc to Neutral from Underperform, setting a new price target of $65.
Pentair stock surged 12.2% after beating analyst expectations with Q1 earnings of $1.18 per share on $976 million in sales, despite year-over-year declines in sales (4%), operating profit (15%), and net earnings (19%). Pool sales dropped 18% due to inventory realignment, but the company reported strong free cash flow of $152.5 million for the quarter. Management reaffirmed full-year guidance with expected Q4 growth of 8%, though the analyst questions whether the valuation at 12x price-to-free cash flow is justified given only 5% long-term growth forecasts.