PNR Stock Summary and Trading Ideas (Pentair Plc. Ordinary Share | NYSE:PNR)

Pentair is a global leader in the water treatment industry, with 10,000 employees and a presence in 25 countries. Pentair's business is organized into three segments: pool, water technologies, and flow. The company offers a wide range of water solutions, including energy-efficient swimming pool equipment, filtration solutions, and commercial and industrial pumps. Pentair generated approximately $4.1 billion in revenue in 2023.

Pentair Plc. Ordinary Share trades on the NYSE stock market under the symbol PNR.

As of April 18, 2024, PNR stock price declined to $78.48 with 962,433 million shares trading.

PNR has a beta of 1.48, meaning it tends to be more sensitive to market movements. PNR has a correlation of 0.56 to the broad based SPY ETF.

PNR has a market cap of $13.03 billion. This is considered a Large Cap stock.

Last quarter Pentair Plc. Ordinary Share reported $985 million in Revenue and $.87 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.01.

In the last 3 years, PNR stock traded as high as $85.81 and as low as $38.55.

The top ETF exchange traded funds that PNR belongs to (by Net Assets): VTI, VB, VOO, VBR, NOBL.

PNR has outperformed the market in the last year with a return of +49.6%, while the SPY ETF gained +22.3%. In the last 3 month period, PNR beat the market returning +13.0%, while SPY returned +6.1%. However, in the most recent 2 weeks PNR has underperformed the stock market by returning -6.0%, while SPY returned -3.8%.

PNR support price is $77.70 and resistance is $80.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PNR stock will trade within this expected range on the day.