Pentair plc (NYSE: PNR) stock jumped 1.42% on Thursday to $67.31 against a previous-day closing price of $66.37. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.17 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $67.39 whereas the lowest price it dropped to was $66.43. The 52-week range on PNR shows that it touched its highest point at $71.82 and its lowest point at $38.55 during that stretch. It currently has a 1-year price target of $74.87. With its current market cap of 11.28 billion, PNR has annualized dividend of $0.88 while the current yield stands at 1.31%. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PNR was down-trending over the past week, with a drop of -2.58%, but this was down by -2.49% over a month. Three-month performance surged to 11.09% while six-month performance rose 30.24%. The stock gained 49.58% in the past year, while it has gained 49.64% so far this year. A look at the trailing 12-month EPS for PNR yields 2.99 with Next year EPS estimates of 4.24. For the next quarter, that number is 0.87. This implies an EPS growth rate of -12.10% for this year and 13.53% for next year. EPS is expected to grow by 8.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.80%.
Float and Shares Shorts:
At present, 165.00 million PNR shares are outstanding with a float of 164.51 million shares on hand for trading. On Aug 14, 2023, short shares totaled 3.79 million, which was 2.29% higher than short shares on Jul 13, 2023. In addition to Mr. John L. Stauch as the firm’s Pres, CEO & Director, Mr. Robert P. Fishman serves as its Exec. VP, CFO & Chief Accounting Officer.
Through their ownership of 94.78% of PNR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.34% of PNR, in contrast to 57.39% held by mutual funds. Shares owned by individuals account for 36.32%. As the largest shareholder in PNR with 11.52% of the stake, The Vanguard Group, Inc. holds 19,021,891 shares worth 19,021,891. A second-largest stockholder of PNR, Impax Asset Management Ltd., holds 10,934,377 shares, controlling over 6.62% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in PNR, holding 9,555,101 shares or 5.79% stake. With a 3.10% stake in PNR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,123,412 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.59% of PNR stock, is the second-largest Mutual Fund holder. It holds 4,277,883 shares valued at 297.31 million. Vanguard 500 Index Fund holds 2.39% of the stake in PNR, owning 3,949,210 shares worth 274.47 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, PNR reported revenue of $1.06B and operating income of $190.80M. The EBITDA in the recently reported quarter was $210.50M and diluted EPS was $0.92.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PNR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PNR analysts setting a high price target of $88.00 and a low target of $46.00, the average target price over the next 12 months is $73.44. Based on these targets, PNR could surge 30.74% to reach the target high and fall by -31.66% to reach the target low. Reaching the average price target will result in a growth of 9.11% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PNR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 32,596 shares were bought while 32,596 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 41 over the past year. The total number of shares bought during that period was 293,958 while 88,094 shares were sold.