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The P/E ratio of Pentair PLC is 28.456
Mr. John Stauch is the President of Pentair PLC, joining the firm since 2007.
The current price of PNR is $110.45, it has decreased 0.95% in the last trading day.
Pentair PLC belongs to Machinery industry and the sector is Industrials
Pentair PLC's current market cap is $18.1B
According to wall street analysts, 21 analysts have made analyst ratings for Pentair PLC, including 7 strong buy, 11 buy, 6 hold, 1 sell, and 7 strong sell
Moving? Bro, it's dropping. Pentair (PNR) is pulling back today after hitting a 52-week high and bumping its head on a key resistance level. This looks like classic profit-taking and consolidation after a strong run, not a signal to panic sell your bags.
The stock is currently trading at $110.95, down about 1.46% for the day. Here’s the breakdown of what’s driving the price action:
Technical Rejection: The main reason for today's dip is technical. PNR recently hit a 52-week high and ran straight into a daily resistance level at $111.80. The day's high was $112.52, and it has since been rejected from that zone, indicating sellers are stepping in to take profits after the recent rally. The daily technical signal is currently "neutral," suggesting the prior uptrend is losing steam for now.
Positive News Backdrop: Don't get it twisted, the recent run-up was fueled by good news. On September 12th, Pentair's CFO presented at a Morgan Stanley conference, and on the 11th, a positive industry report highlighted PNR as a key player in the growing pool cleaner market. Today's move is a breather after digesting that good news.
Strong Analyst Sentiment: Wall Street remains bullish on the name. Analyst consensus is a "BUY," with 18 out of 21 analysts rating it a Buy or Strong Buy. The mean price target sits around $118, suggesting they see more upside from current levels. This strong institutional backing suggests the long-term outlook is still intact.
Actionable Alpha: The play here is to watch the key levels. A failure to reclaim and hold above the $111.80 resistance could see the price drift down to the next major support level around $101.61. A bounce from that support could present a solid entry for a swing trade, assuming the broader market holds up.
So, chill out. It's not a rugpull, it's just a stock taking a breather. Maybe use this time to actually set some price alerts instead of just staring at the chart.