Monthly Stock Overview: Pentair plc (PNR)
Publication Date: September 22, 2024
Company Overview
Pentair plc (NYSE: PNR), based in London, is a leading entity in the specialty industrial machinery sector, delivering crucial water solutions globally since its establishment in 1966. With operations spanning North America, Europe, Asia, and Latin America, Pentair’s portfolio is divided into three key segments: Flow, Water Solutions, and Pool. These divisions cater to a wide array of water management demands, from fluid treatment systems to comprehensive residential and commercial solutions. Demonstrating a robust financial standing with total revenues of approximately $4.11 billion, Pentair remains committed to innovation and addressing critical global water challenges. The company’s stock is currently recommended as a “buy,” reflecting a confident outlook for investor returns, with an optimistic target high price set at $101.00.
Stock Performance and Investment Outlook
Pentair’s stock is trading at $94.80, close to its fifty-two-week high of $95.87, indicating solid performance and investor momentum. The analysis shows a bullish sentiment, supported by a target mean price of $95.56, and a consensus among analysts leaning towards a “buy” recommendation with a mean rating of 2.2 based on 18 analysts’ evaluations. The range of analyst predictions includes a target low of $82.16 and a high of $101.00, suggesting considerable upside potential for investors. The company’s market cap is reinforced by a relatively low short interest of only 0.0221%, indicating a positive sentiment from the market about its future performance.
Financial Health and Market Positioning
Pentair’s financial health is underscored by its significant revenue and strategic positioning within the specialty industrial machinery industry. The company’s successful navigation through market fluctuations is reflected in its performance metrics, showcasing a firm trading posture above the fifty-day moving average of $85.83. With steady growth trends and an upward trajectory from its fifty-two-week low of $57.18, investors may find Pentair an attractive addition to their portfolios, particularly as it focuses on sustainable water solutions that are increasingly critical in today’s environment.
| Metric | Value |
|---|---|
| Market Cap | $15.7b |
| Total Debt | $1.9b |
| Total Cash | $214.3m |
| Shares Outstanding | 165.5m |
| Float Shares | 164.5m |
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