Pentair Jumps 13% as Q3 Beat Makes It S&P 500's Top Gainer
PNR sits 22% above its 52-week low of $51.13 on elevated volume (2.5× avg).
Summary
Pentair closed up 13% at $62.296, the best performer in the S&P 500 and its biggest one-day gain since March 2020, after adjusted EPS of $1.18 beat the $1.07 FactSet consensus and sales of $976.4 million topped the $963.7 million expected. The quarter still showed the strain: sales fell 4% as the pool unit dragged, and net profit dropped to $145.1 million, or 91 cents a share, from $184.3 million, or $1.12, a year earlier. Guidance came in slightly above the Street — full-year adjusted EPS of $4.70 versus $4.65 expected — with full-year sales seen down about 3%. The rally is a relief bounce off a brutal year; the stock is still down 41% in 2026. The pending Taco Group Holdings acquisition, funded by the $1.4 billion credit agreement signed September 1, is the next thing that matters for the 2027 pool recovery story.
At the time of this announcement, PNR was trading at $62.48 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $51.13 to $110.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.