US-listed shares of Pentair hits over 1-year low after cutting FY outlook

Pentair

28/04/2026 17:04

** U.S.-listed shares of water technology firm Pentair PNR.N fall 7.6% to $85.17, hitting their lowest since April 2025

** Co expects its full-year revenue to rise between 2% and 4%, compared with previous projection of a 3% to 4% growth

** Reduction reflects weakness in U.S. residential markets due to high interest rates and affordability issues

** "Our sales growth forecast assumes limited to no U.S. residential recovery and continued expansion across our commercial, industrial and municipal verticals," says CEO John Stauch

     ** Co, however, slightly beats adj. profit and revenue estimates, per LSEG data

** 14 of 21 brokerages rate the stock "buy" or higher, 4 "hold" and 3 "sell" or lower; their median PT is $112

** Including session's moves, stock down 18.2% YTD, compared with a 4.1% increase in the S&P 500 index .SPX

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))