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Monday, June 5, 2023

Pentair plc (PNR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Pentair plc (PNR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $57.61. The Pentair plc has recorded 21,121 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Pentair Reports Strong First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $57.61 and fluctuated between $58.55 as its day high and $57.35 as its day low. The current market capitalization of Pentair plc is $9.41B. A total of 1.33 million shares were traded on the day, compared to an average of 1.69M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PNR has seen 6 BUY and 11 SELL insider trades, representing the acquisition of 122,132 and the disposition of 14,502 shares. Over the last 12 months, there were 29 BUYs and 41 SELLs from insiders. Insiders purchased 267,840 shares during that period but sold 42,616.

In the most recent transaction, BRYAN GLYNIS sold 3,947 shares of PNR for 45.14 per share on Dec 15. After the transaction, the Director now owns 27,609 company shares. In a previous transaction on Dec 01, GLENN T MICHAEL sold 3,947 shares at 46.75 per share. PNR shares that Director owns now total 26,496.

Among the insiders who sold shares, Rolchigo Philip M. disposed of 2,531 shares on Aug 22 at a per-share price of $47.90. This resulted in the EVP & Chief Technology Officer holding 21,339 shares of PNR after the transaction.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Pentair plc pays an annual dividend of $0.88, resulting in a dividend yield of 1.53%, and it has a price to earnings (P/E) ratio of 19.32. PNR’s most recent ex-dividend date was 4/20/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 5/5/2023. Previously, the company paid the dividend on 2/3/2023 with an ex-dividend date of 1/19/2023. The PNR stock dividend was $0.22 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PNR in the last 3 months, the mean price target is $62.60 with high estimates of $77.00 and low estimates of $39.00. In terms of 52-week highs and lows, PNR has a high of $60.85 and a low of $38.55.

As of this writing, PNR has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.91. The company reported an EPS of $0.82 in the last quarter, which was 3.80% higher than expectations of $0.79.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PNR’s latest balance sheet shows that the firm has $94.50M in Cash & Short Term Investments as of fiscal 2021. There were $894.10M in debt and $1.05B in liabilities at the time. Its Book Value Per Share was $17.05, while its Total Shareholder’s Equity was $2.42B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNR is Underweight with a score of 3.73. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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