Pentair Plc (PNR), a widely-tracked NYSE-listed asset, has been a subject of intense financial scrutiny lately. From questions on Pentair's price to earnings ratio being difficult to pin down to news of the company maintaining its 2018 view and announcing long-term goals, many have kept a keen eye on its performance. Notably, it was announced that Fisher Asset Management LLC has increased its stock position in the company, while Cwm LLC purchased an additional 620 shares of Pentair. Furthermore, Victory Capital Management Inc. also boosted its holdings in Pentair. Meanwhile, multiple entities such as Sigma Planning Corp and California Public Employees Retirement System have sold shares of Pentair. The latter's Q4 2023 earnings call was also documented alongside a Q1 2024 call, illustrating the progressive pattern of the company. Several firms have raised their price targets, with Oppenheimer increasing Pentair's to $90.00 and TD Cowen to $85.00. Pentair's strong first quarter 2024 results, robust demand, and strategic acquisitions have been emphasized along with concerns over high costs. In spite of the caution, there remains general optimism in its overall performance, aided by its strong fourth quarter and full year 2023 results and sustained energy efficiency recognition by the 2024 ENERGY STAR® Partner of the Year.
Pentair Plc PNR News Analytics from Tue, 24 Jan 2023 08:00:00 GMT to Tue, 07 May 2024 17:33:46 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 5
