After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Pentair to Release Fourth Quarter and Full Year 2023 Earnings and Host Investor Conference Call on January 30.
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Stocks Info
As a NYSE listed company, PNR falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $72.76 and fluctuated between $72.89 as its day high and $71.81 as its day low. The current market capitalization of Pentair plc is $12.03B. A total of 0.9 million shares were traded on the day, compared to an average of 1.45M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PNR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,000 shares. Over the last 12 months, there were 10 BUYs and 17 SELLs from insiders. Insiders purchased 299,925 shares during that period but sold 217,367.
In the most recent transaction, Rolchigo Philip M. sold 2,427 shares of PNR for 72.00 per share on Dec 14. After the transaction, the EVP & Chief Technology Officer now owns 18,535 company shares. In a previous transaction on Dec 13, JONES DAVID A /WI sold 2,260 shares at 67.85 per share. PNR shares that Director owns now total 23,081.
Among the insiders who sold shares, GLENN T MICHAEL disposed of 2,260 shares on Dec 01 at a per-share price of $64.40. This resulted in the Director holding 27,893 shares of PNR after the transaction. In another insider transaction, Rolchigo Philip M. sold 4,000 shares at $60.77 per share on Nov 06. Company shares held by the EVP & Chief Technology Officer now total 18,535.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Pentair plc pays an annual dividend of $0.79, resulting in a dividend yield of 1.09%, and it has a price to earnings (P/E) ratio of 23.69. PNR’s most recent ex-dividend date was 1/18/2024 when it declared a $0.23 quarterly dividend that was paid in cash on 2/2/2024. Previously, the company paid the dividend on 11/3/2023 with an ex-dividend date of 10/19/2023. The PNR stock dividend was $0.22 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PNR in the last 3 months, the mean price target is $78.12 with high estimates of $83.00 and low estimates of $65.00. In terms of 52-week highs and lows, PNR has a high of $73.26 and a low of $47.90.
As of this writing, PNR has an earnings estimate of $0.86 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.92 per share and a lower estimate of $0.84. The company reported an EPS of $1.03 in the last quarter, which was 8.40% higher than expectations of $0.95.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PNR’s latest balance sheet shows that the firm has $94.50M in Cash & Short Term Investments as of fiscal 2021. There were $982.30M in debt and $1.05B in liabilities at the time. Its Book Value Per Share was $18.40, 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, 0 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 Buy with a score of 4.35.
