FINWIRES · TerminalLIVE
FINWIRES

Pentair Shares Offer 'Clear Value' on Course Correction of Pool Segment Product Management, Oppenheimer Says

By

Pentair (PNR) shares offer "clear value" as it has the ability to course-correct on its pool segment product management amid bullish prospects for its flow and water solutions businesses, Oppenheimer said in a Thursday research report.

The company's pool segment volume declined by 46% in Q2 due to admitted missteps, but the company is positioning for a robust 2027 EBITDA inflection, supported by alignment of pool sell-in and sell-through and Taco Group contribution, analysts wrote.

Management indicated that the flow and water solutions segments are tracking 2026 estimates, including a step-up in H2 growth, with momentum likely to sustain into next year, accoridng to the note.

Oppenheimer reiterated its outperform rating on the stock with price target of $94 per share.

Price: $64.78, Change: $+1.00, Percent Change: +1.57%

Related Articles

Wire

VirTra Wins $1.5 Million US Army Contract for Firearms Training in Tajikistan

VirTra (VTSI) won a $1.5 million US Army contract to deploy its simulation-based firearms training system in Tajikistan, the company said Thursday.The company will supply its V-300 platform, including simulation software, weapon recoil kits, and associated hardware to support partner-force readiness.VirTra shares rose 2.3% in after-hours trading.

$VTSI
Wire

James Hardie Industries to Sell Fermacell to Holcim for $981 Million

James Hardie Industries (JHX) agreed to sell its European sustainable walling and flooring solutions business, Fermacell, including the fermacell and Aestuver brands, to Holcim for 840 million euros ($981 million) in cash.James Hardie said Thursday it also plans to close its European fiber cement business, subject to customary legal, regulatory and employee consultation requirements.The company intends to use transaction proceeds to repay debt and return capital to shareholders. James Hardie's board has authorized a new $250 million share repurchase program.The transaction is expected to close in H1 2027.James Hardie shares rose 1.1% in after-hours trading.

$JHX
Wire

Ross Stores Fiscal Q2 Earnings, Revenue Rise; Shares Gain After Hours

Ross Stores (ROST) reported fiscal Q2 earnings late Thursday of $2.66 per diluted share, up from $1.56 a year earlier.Analysts polled by FactSet expected $1.95.Revenue in the three months ended Aug. 1 rose to $6.26 billion from $5.53 billion a year earlier.Analysts projected $6.16 billion.The company expects fiscal Q3 EPS of $1.75 to $1.83. Analysts project $1.75.Ross Stores expects fiscal Q4 EPS of $2.17 to $2.26. Analysts project $2.14.The company lifted full-year EPS guidance to $8.61 to $8.77 from the prior forecast of $7.50 to $7.74. Analysts project $7.89.Ross Stores shares rose 4.7% in after-hours trading.

$ROST