Pentair

PNR · NYSE

$52.88+$0.13 (+0.25%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $52.75

PNR analyst rating

HoldConsensus of 21 analysts over the last 12 months. 48% rate it a buy.

Strong buy0
Buy10
Hold8
Underperform2
Sell1

12-month price target · 17 analysts

Average $79.05 (+49.5% upside)

Low: $50.50
Now: $52.88
High: $98.70

Upgrades and downgrades

The latest rating actions, newest first

PNR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 15, 2026	Maintains	Outperform	$85.00 → $65.00	66%
TD Cowen	Oct 14, 2026	Upgrade	Sell → Hold	$65.00 → $55.00	59%
RBC Capital	Oct 14, 2026	Maintains	Sector Perform	$73.00 → $61.00	43%
Citigroup	Oct 12, 2026	Maintains	Buy	$85.00 → $69.00	63%
Goldman Sachs	Oct 9, 2026	Maintains	Neutral	$73.00 → $60.00	46%
Wolfe Research	Sep 15, 2026	Upgrade	Peer Perform → Outperform	$91.00	59%
TD Cowen	Jul 29, 2026	Maintains	Sell	$75.00 → $65.00	59%
Baird	Jul 29, 2026	Maintains	Outperform	$83.00 → $80.00	57%
Mizuho	Jul 21, 2026	Maintains	Outperform	$100.00 → $85.00	66%
BNP Paribas	Jul 16, 2026	Maintains	Underperform	$75.00 → $64.00	58%

The case for and against

Updated Oct 15, 2026

Bull case

Pentair is supported by a resilient, high-quality water portfolio with about 80% exposure to residential and commercial water treatment applications and roughly 70% replacement sales, which helps sustain above-GDP growth even when Pool demand is uneven. Its outlook is further strengthened by management’s 2026-2028 targets for MSD% organic growth, 28% ROS by 2028, and about $2.7 billion of cumulative FCF, backed by a capital-light model, high-teens ROIC, and strong liquidity with 1.7x net leverage as of 1Q26. The combined $1 billion water quality management platform, Manitowoc Ice cross-selling, and Flow and Water Solutions productivity initiatives should expand margins, while 50 consecutive years of dividend increases reinforce financial discipline and shareholder returns.

Bear case

Pentair is facing a deteriorating fundamental backdrop as 2Q sales are expected to fall to about $930M, down roughly 17% y/y, with adjusted EPS cut to about $1.12 from prior guidance of $1.47-$1.50 as Pool channel destocking proves far worse than management expected. The Pool segment is especially concerning because the company now estimates about $170M of 2Q sales pressure and more than $150M of 2026 income impact, while elevated rates, persistent inflation, and depressed new pool construction suggest a slow recovery even after inventories normalize. The outlook is further weakened by a substantial 2026 guide reset—sales shifting from +2%-4% growth to a (4%)-(7%) decline, adjusted EPS dropping to $4.60-$4.80, EBITDA falling to about $1,050M, and the surprise CFO resignation undermining confidence in execution.

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