PNR INVESTOR ALERT: Securities Class Action Filed Against Pentair plc – Investors Encouraged to Contact Kirby McInerney LLP
Kirby McInerney LLP issued a shareholder-solicitation notice regarding a class action against Pentair plc; no new disclosure from the company itself. The release alleges Pentair made false statements regarding inventory destocking that negatively impacted sales and income, citing a Q2 miss and CFO departure.
Key figures
- Stock close price
- $64.33
- Stock drop dollar
- $11.35
- Stock drop percent
- 15%
- Fy sales decline vs guide
- 4 percent to 7 percent
- Pool segment sales impact
- $170 million
- Q2 sales decline vs guide
- 17 percent
- Pool segment income impact
- $105 million
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.