As of Friday close, Pentair plc’s (NYSE:PNR) stock was down -$1.17, moving down -2.25 percent to $50.92. The average number of shares traded per day over the past five days has been 2,047,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.76 fall in that time frame. In the last twenty days, the average volume was 1,609,670, while in the previous 50 days, it was 1,775,734.
Since last month, PNR stock retreated -10.56%. Shares of the company fell to $50.42 on 03/17/23, the lowest level in the past month. A 52-week high of $60.85 was reached on 02/02/23 after having rallying from a 52-week low of $38.55. Since the beginning of this year, PNR’s stock price has risen by 13.21% or $5.94, and marked a new high 13 times. However, the stock has declined by -16.32% since its 52-week high.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
PNR stock investors should be aware that Pentair plc (PNR) stock had its last reported insider trading activity 93 days ago on Dec 15. BRYAN GLYNIS, the Director of the company, disposed of 3,947 shares for $45.14 on Dec 15. It resulted in a $178,168 divestment by the insider. GLENN T MICHAEL sold 3,947 shares at an average price of $46.75 on Dec 01. The insider now owns 26,496 shares following the transaction. On Aug 22, EVP & Chief Technology Officer Rolchigo Philip M. sold 2,531 shares at $47.90 apiece. The transaction was valued at $121,224.
Valuation Metrics
Right now, Pentair plc (PNR) has a P/E ratio of about 17.45. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 2.10, the price-to-book (PB) ratio of 3.10, and the price-to-cash flow ratio of 62.01 may also be considered.
The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22.
Financial Health
In the three months ended December 30, Pentair plc’s quick ratio stood at 0.70, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.86, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 33.10% percent. In the year ended December 30, operating margins totaled 14.40%. Based on annual data, PNR earned $1.36 billion in gross profit and brought in $4.12 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.50%. Return on equity (ROE) for the past 12 months was 18.50%.
In Pentair plc’s quarter-end financial report for December 30, it reported total debt of $2.32 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PNR’s revenue rose 1.43% to $1.06 billion during the quarter, while net income inched up to $1.0 billion. While analysts expected Pentair plc to report $0.79 quarterly earnings, the actual figure was $0.82 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated $146.9 million in EBITDA. The liabilities of Pentair plc were 3.74 billion at the end of its most recent quarter ended December 30, and its total debt was $2.4 billion. The value of shareholders’ equity is $164.54 million.
Technical Picture
This quick technical analysis looks at Pentair plc’s (PNR) price momentum. With a historical volatility rate of 26.93%, the RSI 9-day stood at 29.97% on 17 March.
With respect to its five-day moving average, the current Pentair plc price is down by -3.34% percent or -$1.76. At present, PNR shares trade -9.62% below its 20-day simple moving average and +28.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.04% above its SMA50 and +1.49% above its SMA200.
Stochastic coefficient K was 14.66% and Stochastic coefficient D was 20.42%, while ATR was 1.62. Given the Stochastic reading of 7.79% for the 14-day period, the RSI (14) reading has been calculated as 36.67%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -2.58.
Analyst Ratings
Mizuho upgraded its rating on Pentair plc (NYSE: PNR) to a Buy in a note to investors on January 13, 2023. The analysts firm previously had a Neutral rating on the stock.Pentair plc (PNR) has been rated Overweight by analysts. According to 1 brokerage firm, PNR is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Pentair plc stock as buy, with 7 recommending it as overweight.
With a median target price of $63.00, the current consensus forecast for the stock is $39.00 – $75.00. Based on these forecasts, analysts predict Pentair plc (PNR) will achieve an average price target of $59.47.