Pentair plc (NYSE: PNR) has reported E.P.S. of $1.12 for its second fiscal quarter (ending June 30) versus $0.94 for the same period a year ago — an increase of 19%. However, this result fell short of the consensus estimate of $1.15 by $-0.03. For the latest four quarters through June 30, E.P.S. were $3.99 versus $3.00 for the same period a year ago — an increase of 33%.
Recent Price Action
On 7/23/24, Pentair plc (NYSE: PNR) stock enjoyed a very large increase of 9.0%, closing at $87.19. Moreover, exceptionally high trading volume at 268% of normal accompanied the advance. The stock has risen 8.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PNR is expected to continue to be a major Value Builder.
Pentair plc has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Pentair plc has a slightly negative Appreciation Score of 37 but a very high Power Rating of 87, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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