CTAs are almost max long in equities, have very limited room to buy: UBS
Stephen J. Pilla, Executive Vice President at Pentair plc (NYSE:PNR), recently sold 7,200 common shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $98.14 each, amounting to a total transaction value of $706,608. The transaction comes as InvestingPro analysis shows Pentair trading above its Fair Value, with the stock maintaining low volatility and a P/E ratio of 25.6. Following this sale, Pilla holds approximately 15,099 shares directly.
In addition to his direct holdings, Pilla has indirect holdings through restricted stock units and a deferred plan, with 6,623 shares and 4,278 shares respectively. The deferred plan shares are managed by a plan agent and will be delivered according to Pilla's deferral election. The transactions reflect Pilla's ongoing management of his equity position in the company.
In other recent news, Pentair has been under the lens of financial analysts, with JPMorgan and CFRA revising their outlooks on the company. JPMorgan analyst C. Stephen Tusa, Jr. cut the price target for Pentair to $106 from $110, maintaining a Neutral rating. Tusa highlighted concerns regarding the company's revenue, which is expected to decline due to the implementation of 80/20 initiatives. He also pointed out a potential shortfall of nearly $500 million in sales compared to prior expectations.
On the other hand, CFRA analyst Jonathan Sakraida maintained a Hold rating on Pentair with a steady price target of $105. Sakraida emphasized Pentair's successful efforts in diversifying its business, which is expected to stabilize earnings and sales performances. He anticipates Pentair's revenues to remain relatively flat or experience a slight increase in 2025.
However, recent developments show Pentair's fourth-quarter earnings fell short of analyst expectations, causing a dip in shares. The company reported adjusted earnings per share of $1.08 for the fourth quarter, missing the analyst consensus estimate. Despite margin improvements, the revenue decline and weaker-than-expected outlook have been points of concern. Looking ahead, Pentair expects full-year adjusted earnings per share in the range of $4.65 to $4.80 for 2025, below the consensus analyst estimate.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.