Pentair (NYSE:PNR) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Pentair (NYSE:PNR) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11, FiscalAI reports. The business had revenue of $976.40 million during the quarter, compared to analysts’ expectations of $963.71 million. During the same period in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year.

Here are the key takeaways from Pentair’s conference call:

• Third-quarter results exceeded expectations, with adjusted EPS of $1.18 versus guidance of $1.05–$1.08, supported by strong execution in Flow and Water Solutions and $153 million of free cash flow.
• The Taco acquisition closed on October 1 and is performing ahead of expectations, with projected 2027 sales above $620 million and EBITDA above $105 million; management expects it to be adjusted-EPS accretive in 2027 and plans to delever from roughly 2.5x net leverage.
• Pentair said the Pool channel inventory destocking is complete, with roughly $280 million removed across the second and third quarters. Management expects 2027 Pool sales to rise approximately 14% as shipments align with estimated $1.45 billion sell-through, even without an end-market recovery.
• Flow and Water Solutions delivered sales growth and significant margin expansion, although Flow was constrained by delayed food-and-beverage spending and Water Solutions continues to face residential housing headwinds.
• The company expects approximately $43 million of 2026 tariff recoveries to be nonrecurring, creating a year-over-year earnings headwind in 2027; Pool also remains in a recovery phase, with 2026 sales expected to decline 18%–19% and ongoing investments pressuring margins.

Pentair Stock Performance

NYSE:PNR opened at $62.48 on Wednesday. The company’s 50-day moving average is $56.68 and its two-hundred day moving average is $77.01. Pentair has a 12-month low of $51.13 and a 12-month high of $110.12.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.08 annualized dividend and a yield of 1.7%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings cut Pentair from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Royal Bank Of Canada decreased their price objective on shares of Pentair from $73.00 to $61.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. Mizuho cut their price objective on shares of Pentair from $85.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Citigroup lowered their target price on shares of Pentair from $85.00 to $69.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, TD Cowen upgraded Pentair from a “sell” rating to a “hold” rating and reduced their price target for the company from $65.00 to $55.00 in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Pentair presently has a consensus rating of “Hold” and an average price target of $75.59.

More Pentair News

Here are the key news stories impacting Pentair this week:

• Positive Sentiment: Q3 earnings beat expectations. Adjusted EPS was $1.18, above the $1.07 consensus estimate, while revenue of approximately $976.4 million exceeded the $963.7 million forecast. Pentair Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year outlook was maintained or improved. Pentair reaffirmed its 2026 adjusted EPS outlook near $4.70 and raised its sales outlook above Wall Street expectations, reducing concerns that weak demand would lead to another guidance cut. PNR Q3 Earnings Beat Estimates
• Positive Sentiment: Pool-market conditions appear to be stabilizing. Management indicated that the pool business remains pressured but that the worst of the downturn may be passing. The company also highlighted more than $800 million in expected 2026 free cash flow and potential growth from its Taco acquisition, supporting a possible 2027 recovery. Pentair Earnings Beat and Pool Business Stabilizes
• Neutral Sentiment: Analysts at Zacks Research modestly raised their 2027 EPS estimates, including the full-year forecast to $5.12, but retained a “Hold” rating. Pentair Analyst Estimates
• Negative Sentiment: Underlying results still declined year over year. Revenue fell about 4.5%, core sales declined approximately 5% excluding portfolio and currency effects, and EPS decreased from $1.24 a year earlier. Pool demand remains the primary overhang. Why Pentair Stock Popped

About Pentair

Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.