Pentair plc [PNR] stock is trading at $85.02, up 2.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNR shares have gain 3.33% over the last week, with a monthly amount glided 11.12%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Pentair Earns 2024 ENERGY STAR® Partner of the Year – Sustained Excellence Award. In a post published today on Yahoo Finance, Pentair (NYSE: PNR), a leader in helping the world sustainably move, improve, and enjoy water, is honored to receive the 2024 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This is the twelfth consecutive year Pentair has received this award.
From an analyst’s perspective:
Pentair plc [NYSE: PNR] stock has seen the most recent analyst activity on March 22, 2024, when Goldman downgraded its rating to a Neutral but kept the price target unchanged to $91 for it. Previously, Exane BNP Paribas started tracking the stock with Neutral rating on March 12, 2024, and set its price target to $86. On January 12, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $79 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $76 on January 11, 2024. KeyBanc Capital Markets upgraded its rating to a Overweight but $82 remained the price target by the analyst firm on December 13, 2023. Seaport Research Partners started tracking with a Buy rating for this stock on August 07, 2023, and assigned it a price target of $88. In a note dated June 29, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $75 on this stock.
Pentair plc [PNR] stock has fluctuated between $51.38 and $85.01 over the past year. Currently, Wall Street analysts expect the stock to reach $70.91 within the next 12 months. Pentair plc [NYSE: PNR] shares were valued at $85.02 at the most recent close of the market. An investor can expect a potential drop of -16.6% based on the average PNR price forecast.
Analyzing the PNR fundamentals
Pentair plc [NYSE:PNR] reported sales of 4.10B for the trailing twelve months, which represents a drop of -1.82%. 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 83.66 points at the first support level, and at 82.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.71, and for the 2nd resistance point, it is at 86.40.
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
For context, Pentair plc’s Current Ratio is 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 3.42, the price to book ratio is 4.37 and price to earnings (TTM) ratio is 22.71.
Transactions by insiders
Recent insider trading involved Rolchigo Philip M., EVP & Chief Technology Officer, that happened on Dec 14 ’23 when 2427.0 shares were sold. Director, JONES DAVID A /WI completed a deal on Dec 13 ’23 to sell 2260.0 shares. Meanwhile, Director GLENN T MICHAEL sold 2260.0 shares on Dec 01 ’23.
