Pentair plc (NYSE:PNR) has continued to make significant moves within the market. D.A. Davidson & CO. and ING Groep NV have reportedly increased their holdings, further solidifying the firm’s position. The company’s CEO, Jerome O. Pedretti, recently sold a sizable chunk of his shares. A liquidity assessment has reassured investors of a healthy balance sheet. Pentair’s Q1 earnings met expectations while sales surpassed the estimates. Analysts suggest the Pentair's stocks might be overpriced, making it difficult to pin down its P/E ratio. However, the company’s overall strong performance and consecutive earnings beat estimates have aided its rally, pushing its stock up by 20% in three months. Institutional owners greatly dominate Pentair’s shareholding, with a whopping 89% ownership. Despite an observed sales decline, the firm reported strong Q3 and Q4 results for 2023. Analysts continue to recommend a 'Moderate Buy' consensus. Despite this, some competitors outperformed Pentair’s stock on selected days. Pentair continues to reward its shareholders with an increased dividend and also announced the upcoming release of its Q1 2024 earnings. Pentair’s strategic actions have kept it on the profitable radar even in the face of cost woes.
Pentair Plc PNR News Analytics from Thu, 04 Jun 2015 13:39:08 GMT to Sun, 26 May 2024 11:50:18 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -2
