PENTAIR PLC Experiences Large Decline in Short Interest in April
May 18, 2023
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Pentair ($NYSE:PNR) plc is a multinational engineering company that specializes in water and energy technologies. Their products are used in a variety of industries and are distributed across the globe. Recently, their stock has been underperforming and they have experienced a large decline in short interest in April. Short interest is considered to be a measure of investor sentiment towards a particular stock. Investors usually take short positions when they expect the price of a stock to decline. Therefore, the recent decrease in short interest could indicate that investors are becoming more bullish on Pentair plc‘s stock.
Additionally, it could also suggest that short-sellers are becoming increasingly confident that the company’s stock will not experience a further downtrend.
Share Price
PENTAIR PLC experienced a large decline in short interest in April, as the stock opened on Monday at $58.8 and closed at $59.1, a 0.5% increase from the last closing price of 58.8. The reduction of short interest in PENTAIR indicates that investors are turning more bullish on the stock, and this is likely to support the company’s share price in the near future. Additionally, this could be an indication that investors are confident in the company’s future prospects and are looking to capitalize on their potential growth. This could be further supported by increased trading volumes, as well as an increase in analyst coverage of the company, both of which are likely to drive up the stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pentair Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.15k | 493 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pentair Plc. More…
| Operations | Investing | Financing |
| 388.2 | -1.58k | 1.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pentair Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.67k | 3.86k | 16.42 |
Key Ratios Snapshot
Some of the financial key ratios for Pentair Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 10.8% | 15.7% |
| FCF Margin | ROE | ROA |
| 7.3% | 15.0% | 6.1% |
Analysis
GoodWhale has conducted a comprehensive analysis of PENTAIR PLC‘s fundamentals and come to the conclusion that the company is strong in dividend and profitability, but weak in asset and growth. According to our Star Chart, PENTAIR PLC has a health score of 8/10 with regards to its cashflows and debt, signifying the capability to pay off and fund future operations. Based on this data, we have classified PENTAIR PLC as a ‘rhino’, a type of company that we believe has achieved moderate revenue or earnings growth. Investors interested in PENTAIR PLC may be those looking for a company with strong dividend and profitability, but may be willing to accept moderate growth opportunities as the upside. Furthermore, due to its strong cashflows and debt, investors may also be confident that their investments are safe and secure in this company. More…
Peers
The market for water treatment equipment is highly competitive with many large and small companies vying for market share. The four largest companies in the market are Pentair PLC, Xylem Inc, Watts Water Technologies Inc, and Evoqua Water Technologies Corp. These companies compete on a variety of factors including product innovation, price, and distribution.
– Xylem Inc ($NYSE:XYL)
Xylem Inc. is a leading global water technology company that provides innovative solutions to the world’s water challenges. Its products and services are used in more than 150 countries to help manage water resources, protect public health and enhance water quality for people and businesses. Xylem has a market cap of 16.4 billion as of 2022 and a return on equity of 10.79%. The company’s products and services are used in a variety of applications, including residential, commercial, industrial, municipal and agricultural.
– Watts Water Technologies Inc ($NYSE:WTS)
Watts Water Technologies is a leading provider of water solutions for the residential, commercial, and industrial markets. The company’s products include plumbing, heating, and water treatment products. Watts Water Technologies has a market cap of 4.2 billion as of 2022 and a return on equity of 15.67%. The company’s products are used in a variety of applications, including residential and commercial plumbing, heating, and water treatment.
– Evoqua Water Technologies Corp ($NYSE:AQUA)
Evoqua Water Technologies Corp is a publicly traded water treatment company headquartered in Warrendale, Pennsylvania. The company has a market capitalization of $4.11 billion and a return on equity of 9.96%. Evoqua Water Technologies provides water treatment solutions for industrial and municipal customers across the globe. The company’s products and services are used in a variety of applications, including water and wastewater treatment, desalination, and water reuse.
Summary
Pentair PLC has seen a notable decline in short interest in April, according to data from the end of the month. Analysts suggest that this could be due to investors becoming more comfortable with the stock and having less reason to short it. This may signal an improved sentiment and greater confidence in the company’s future prospects. Pentair PLC’s financials have also been strong in recent months, with revenues increasing year-over-year.
Additionally, the stock has seen a steady uptrend, indicating that investors are expecting positive performance going forward. Overall, Pentair PLC appears to be in a good long-term position for investors.
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