Director Glenn T Michael sold 17,133 shares in Pentair plc (NYSE:PNR) for $16,869 in transaction occurred on 2018/12/03. After making this transaction, the Director owns a direct stake of 743,572 shares, worth $679,483, as per the last closing price. On 2018/09/18 Bryan Glynis, Director at PNR, dumped 17,133 shares at an average price of $45 per share. The selling total is valued at $724,315.
Separately, it had been reported that some other PNR insiders also took part of the insider trading activity. Director, Trian Fund Management, L.P. had divested 1,700,000 shares for $12,039,444 through a trade on 2018/08/13. Following this activity, the insider holds 71,655,000 shares worth $485,000,000 as of recent close. Wall Street’s most bullish Pentair plc (NYSE:PNR) analysts are predicting the share price to blow past $52 per share during the next 12 months. The current median share price forecast by them is $45, suggesting that the stock could increase 11.72% in that time frame. The average price target of $44.62 calls for a nearly 10.77% increase in the stock price.
Pentair plc (PNR) trading activity significantly improved as the volume at ready counter increased to 3,118,775 shares versus 1,415,620 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,669,097 shares. The share price dropped -0.74% in recent trade and currently has a stock-market value of $6.96B. The shares finished at $40.28, after trading as low as $38.705 earlier in the session. It hit an intraday high Thursday at $40.34. The stock is now 11.7% above against its bear-market low of $36.06 on October 23, 2018. It has retreated -24.75% since it’s 52-week high of $50.25 reached in January. Now the market price is down -12.5% on the year and down -15.06% YTD.
PNR’s 50 day simple moving average (SMA 50) price is $41.29 and its 200-day simple moving average (SMA 200) price is $43.82. The company’s stock currently has a total float of 172.54M shares. Its weekly volatility is hovering around 3.09% and felt 2.36% volatility in price over a month. On the upside, the share price will test short term resistance at around $40.84. On a downside, the stock is likely to find some support, which begins at $39.21. The failure to get near-term support could push it to $38.14.
It had seen a negative analyst call from KeyBanc Capital Mkts, which downgraded the stock from Overweight to Sector Weight on May 17. Analysts at Goldman, started covering the stock on May 03 with a Neutral rating. The stock lost favor of RBC Capital Mkts analysts who expressed their lack of confidence in it using a downgrade from Outperform to Sector Perform on May 03.
When looking at valuations, Pentair plc (PNR) has a cheap P/E of 14.74x as compared to industry average of 19.33x. Moreover, it trades for 15.81 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.73x price/book and 2x price/sales. Compared to others, Pentair plc is in a different league with regards to profitability, having net margins of 12.7%. To put some perspective around this, the industry’s average net margin is 14.24%. PNR’s ROE is 13.1%, which is also considerably better than the industry’s ROE of 12.32%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.
Shares of Pentair plc (PNR) have gained 6.7% since the company’s last earnings report. Over the past 12 fiscal quarters, Pentair plc (NYSE:PNR) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. PNR last reported earnings on October 23, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.54 per share, -85.97% change on the same period last year. That was better than consensus for $0.52. Revenue for the recent quarter stood at $711.4 million, down -42% on last year and above the $698.62 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $731.4 million to $737.29 million, which should be compared with $1.27 billion generated last year. EPS is seen in a range of $0.59 to $0.6, against the $0.98 reported a year ago.