Pentair plc (NYSE: PNR): Stock That Needs Special Handling

Currently, there are 165.30M common shares owned by the public and among those 165.29M shares have been available to trade.

The company’s stock has a 5-day price change of -4.76% and -10.17% over the past three months. PNR shares are trading 2.20% year to date (YTD), with the 12-month market performance up to 23.60% higher. It has a 12-month low price of $57.18 and touched a high of $85.84 over the same period. PNR has an average intraday trading volume of 1.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.23%, -7.69%, and 1.86% respectively.

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Institutional ownership of Pentair plc (NYSE: PNR) shares accounts for 95.06% of the company’s 165.30M shares outstanding.

It has a market capitalization of $12.34B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 19.77, while the earnings-per-share (ttm) stands at $3.76. The company has a PEG of 1.41 and a Quick Ratio of 1.17 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.26% over the month.

Earnings per share for the fiscal year are expected to increase by 12.25%, and 12.87% over the next financial year. EPS should grow at an annualized rate of 14.05% over the next five years, compared to 13.83% over the past 5-year period.

Looking at the support for the PNR, a number of firms have released research notes about the stock. Northcoast stated their Buy rating for the stock in a research note on April 15, 2024, with the firm’s price target at $100. Goldman coverage for the Pentair plc (PNR) stock in a research note released on March 22, 2024 offered a Neutral rating with a price target of $91. Exane BNP Paribas was of a view on March 12, 2024 that the stock is Neutral, while RBC Capital Mkts gave the stock Outperform rating on January 12, 2024, issuing a price target of $75- $79. BofA Securities on their part issued Neutral rating on January 11, 2024.

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