Pentair Plc (PNR) has seen a considerable uplift of 6.3% since its last earnings report, however, critics argue growth is missing. The company has had strong Q3 earnings and revenue, exhibiting strong EPS growth amidst some revenue decline. Despite underperformance on certain trading days, this strength, combined with various positive factors, gives PNR a strong momentum rating. Significant holdings in the company include Mizuho Securities USA with over 76,000 shares, Parnassus Investments with a $53.56 Million stake, and Banque Cantonale Vaudoise who have increased their position. Pentair has hit speed bumps, with reports of returns hitting a wall and suggestions of lack in growth. Pentair has strategic SWOT insight and completing key acquisitions like Manitowoc Ice and Rocean, which contributed to outperforming competitors on strong trading days. Banks like US Bancorp DE, and BNP Paribas Asset Management have opted to lower their stakes in the business, while DekaBank Deutsche Girozentrale has grown its holdings. Regardless, PNR represents a strong momentum stock, and this could potentially be a good time to invest.
Pentair Plc PNR News Analytics from Mon, 28 Dec 2020 08:00:00 GMT to Sat, 23 Nov 2024 12:48:49 GMT -
Rating 2
- Innovation 3
- Information 4
- Rumor -2
