A slew of recently reported items highlight the robust trading performance and earnings growth of water solutions provider
Pentair Plc (PNR). The company exceeded Q2 earnings and revenue estimates, resulting in various financial firms, such as
Truist Financial Corp, increasing their stake in PNR. Additionally, firms like
National Bank of Canada FI and
Amalgamated Bank raised their PNR holdings, reflecting their bullish outlook. Despite this, other firms like
Dimensional Fund Advisors LP, and
Van ECK Associates Corp reduced their stock positions. Positive earnings results have also been reflected in Q4, with both earnings and revenue topping estimates. Market analysts offered a 'Moderate Buy' recommendation for the company. Notably,
Oppenheimer has boosted their price target for the company to $90.00 per share. The company continues to reward shareholders, recently announcing a quarterly cash dividend of $0.23. Understandably, the company's strong fundamentals have helped it outperform competitors on strong trading days, establishing its position on the market. Long-term investors have also seen rewards, with those investing in PNR five years ago now up 119%.
Pentair Plc PNR News Analytics from Mon, 01 Dec 2014 08:00:00 GMT to Thu, 16 May 2024 20:01:56 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -1
