Pentair plc (PNR)
87.19 USD +7.20 (+9.00%) Volume: 4.47M
Pentair plc’s stock price soars to $87.19, marking a significant trading session surge of +9.00%, propelled by a robust trading volume of 4.47M. The company’s stock continues its upward trajectory with a remarkable YTD increase of +19.91%, highlighting its strong market performance.
Latest developments on Pentair plc
Pentair Plc has seen a significant increase in its stock price today following the release of its strong second-quarter 2024 results. The company reported a GAAP EPS of $1.11, beating estimates, with revenue hitting $1.1 billion. Pentair’s Q2 profit exceeded expectations, outperforming competitors on a robust trading day. Despite economic headwinds, the company navigated successfully and updated its outlook, prompting Sei Investments Co. to sell shares while Intech Investment Management LLC acquired more. Twin Tree Management LP and Mizuho Markets Americas LLC also raised their holdings in Pentair. With updates to Q3 and FY24 earnings guidance, Vanguard Group Inc. now holds $1.70 billion in Pentair plc. Overall, Pentair’s strong performance in Q2 has lifted its full-year guidance, reflecting a positive outlook for the company.
A look at Pentair plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Pentair Plc has a mixed long-term outlook. While the company scores well in terms of growth potential, with a score of 4 out of 5, its value, dividend, resilience, and momentum scores are more moderate, ranging from 2 to 3. This indicates that Pentair may have strong growth prospects in the future, but investors should also consider other factors such as value, dividend payouts, resilience to market changes, and momentum in stock performance.
Pentair PLC delivers services and solutions for its customer’s diverse needs in water and other fluids, thermal management, and equipment protection. The company is organized into three operating segments: Water & Fluid Solutions; Valves & Controls; and Technical Solutions. With a focus on manufacturing and distributing products worldwide, Pentair aims to meet the evolving needs of its customers in various industries.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
