At the time of writing, Pentair plc [PNR] stock is trading at $76.67, up 0.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNR shares have gain 2.73% over the last week, with a monthly amount glided 4.65%, and seem to be holding up well over a long-time horizon.
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On 19, February 2024, Pentair Announces Quarterly Cash Dividend. In a post published today on Yahoo Finance, Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.23 per share on May 3, 2024 to shareholders of record at the close of business on April 19, 2024. 2024 marks the 48th consecutive year that Pentair has increased its dividend.
From an analyst’s perspective:
Pentair plc [NYSE: PNR] stock has seen the most recent analyst activity on January 12, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $79 from $75. Previously, BofA Securities upgraded its rating to Neutral on January 11, 2024, and elevated its price target to $76. On December 13, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $82 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $88 on August 07, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $75 as its price target on June 29, 2023. UBS upgraded its rating to Buy for this stock on May 08, 2023, and upped its price target to $72. In a note dated January 13, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $44 to $60.
For the past year, the stock price of Pentair plc fluctuated between $50.15 and $77.02. Currently, Wall Street analysts expect the stock to reach $69 within the next 12 months. Pentair plc [NYSE: PNR] shares were valued at $76.67 at the most recent close of the market. An investor can expect a potential drop of -10.0% based on the average PNR price forecast.
Analyzing the PNR fundamentals
According to Pentair plc [NYSE:PNR], the company’s sales were 4.10B for trailing twelve months, which represents an -1.82% plunge. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.21 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.12 points at the first support level, and at 75.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.26, and for the 2nd resistance point, it is at 77.86.
Pentair plc [PNR] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.86/share, meaning a difference of $0.01 and a surprise factor of 1.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $0.87 per share, a difference of $0.07 representing a surprise of 8.00%.
Ratios To Look Out For
It is important to note that Pentair plc [NYSE:PNR] has a current ratio of 1.65. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 20.48.
Transactions by insiders
Recent insider trading involved Rolchigo Philip M., EVP & Chief Technology Officer, that happened on Dec 14 when 2427.0 shares were sold. Director, JONES DAVID A /WI completed a deal on Dec 13 to sell 2260.0 shares. Meanwhile, Director GLENN T MICHAEL sold 2260.0 shares on Dec 01.
