Boston, Massachusetts--(Newsfile Corp. - September 29, 2026) - Block & Leviton reminds investors that a securities fraud lawsuit has been filed against Pentair plc (NYSE: PNR) and certain of its executives. Investors who have lost money in their Pentair investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/pnr.

What is this all about?

On April 28, 2026, Pentair guided to roughly 1% second-quarter sales growth and 2-4% full-year growth, and management told investors it had evaluated a range of Pool revenue scenarios and reflected the expected sell-in pressure in that guidance. Then, after the market closed on July 14, 2026, Pentair pre-announced that preliminary second-quarter sales would be approximately $930 million — down about 17% year-over-year — and slashed its full-year outlook, attributing the shortfall to Pool channel inventory destocking that was "more pronounced" than previously estimated and that it estimated would cut full-year Pool sales by roughly $250 million. The company also disclosed that its chief financial officer had departed on July 10, 2026, just days before the warning, with the former CFO returning on an interim basis. Pentair shares fell sharply on the news.

The complaint filed in this class action alleges that between April 28, 2026 and July 14, 2026, Pentair failed to disclose to investors: (1) that there was significant destocking of inventory in the Pool channel; (2) that, as a result, the Company's sales and operating income were adversely affected; and (3) that, as a result of the foregoing, Defendants positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Who is eligible?

Anyone who purchased or otherwise acquired Pentair securities between March 11, 2025, and July 14, 2026, and suffered losses may be eligible to participate, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is October 2, 2026. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Pentair, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.

This notice may constitute attorney advertising.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/316587

Source: Block & Leviton LLP