Pentair plc (PNR) Shares Decline Despite Market Challenges

Pentair plc (NYSE: PNR)’s stock price has gone decline by -1.39 in comparison to its previous close of 84.41, however, the company has experienced a 0.63% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-20 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Is It Worth Investing in Pentair plc (NYSE: PNR) Right Now?

Pentair plc (NYSE: PNR) has a higher price-to-earnings ratio of 22.24x compared to its average ratio, The 36-month beta value for PNR is at 1.23. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 10 as “hold,” and 3 as “sell.”

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The public float for PNR is 164.61M, and currently, shorts hold a 2.65% of that float. The average trading volume for PNR on April 03, 2024 was 1.65M shares.

PNR’s Market Performance

PNR’s stock has seen a 0.63% increase for the week, with a 6.27% rise in the past month and a 14.48% gain in the past quarter. The volatility ratio for the week is 1.61%, and the volatility levels for the past 30 days are at 1.78% for Pentair plc The simple moving average for the last 20 days is 1.64% for PNR’s stock, with a simple moving average of 21.06% for the last 200 days.

Analysts’ Opinion of PNR

Many brokerage firms have already submitted their reports for PNR stocks, with Goldman repeating the rating for PNR by listing it as a “Neutral.” The predicted price for PNR in the upcoming period, according to Goldman is $91 based on the research report published on March 22, 2024 of the current year 2024.

Exane BNP Paribas, on the other hand, stated in their research note that they expect to see PNR reach a price target of $86. The rating they have provided for PNR stocks is “Neutral” according to the report published on March 12th, 2024.

RBC Capital Mkts gave a rating of “Outperform” to PNR, setting the target price at $79 in the report published on January 12th of the current year.

PNR Trading at 7.62% from the 50-Day Moving Average

After a stumble in the market that brought PNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.99% of loss for the given period.

Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.65% upper at present.

During the last 5 trading sessions, PNR rose by +0.63%, which changed the moving average for the period of 200-days by +37.38% in comparison to the 20-day moving average, which settled at $82.13. In addition, Pentair plc saw 14.48% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PNR starting from Rolchigo Philip M., who sale 2,427 shares at the price of $72.00 back on Dec 14 ’23. After this action, Rolchigo Philip M. now owns 18,535 shares of Pentair plc, valued at $174,744 using the latest closing price.

JONES DAVID A /WI, the Director of Pentair plc, sale 2,260 shares at $67.85 during a trade that took place back on Dec 13 ’23, which means that JONES DAVID A /WI is holding 23,081 shares at $153,341 based on the most recent closing price.

Stock Fundamentals for PNR

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.37 for the gross margin

The net margin for Pentair plc stands at 0.15. The total capital return value is set at 0.13. Equity return is now at value 21.03, with 9.58 for asset returns.

Based on Pentair plc (PNR), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 6.25.

Currently, EBITDA for the company is 854.0 million with net debt to EBITDA at 2.12. When we switch over and look at the enterprise to sales, we see a ratio of 3.8. The receivables turnover for the company is 7.31for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.

Conclusion

In conclusion, Pentair plc (PNR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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