|Bid||33.93 x 800|
|Ask||0.00 x 800|
|Day's Range||37.56 - 38.27|
|52 Week Range||34.50 - 45.70|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||17.70|
|Forward Dividend & Yield||0.72 (1.89%)|
|1y Target Est||N/A|
Emerson's (EMR) latest buyout will enable it to help customers in optimizing their operational performance and boost energy efficiencies.
Wet and cold weather delayed pool construction activity in Pentair's (PNR) several key markets during the first half of 2019, dragging the stock down.
In this commentary, I will examine Pentair plc's (NYSE:PNR) latest earnings update (30 June 2019) and compare these...
(Bloomberg Opinion) -- As investors pore over every earnings report for the very latest read on the economy, Caterpillar Inc. provided fresh evidence that the slowdown in manufacturing is no blip. The maker of bulldozers and mining machinery said Wednesday that its 2019 earnings would fall on the low end of its guidance range, snapping a streak of quarterly boosts to its outlook. Caterpillar’s pain points were similar to those that have routinely popped up in industrial companies’ results so far this second quarter: rising manufacturing costs, moderating demand and weakening confidence in the prospects for a second-half rebound. After a bizarre Tuesday turn in trading, when industrial companies including Pentair Plc and Sherwin-Williams Co. got resoundingly rewarded for cuts to their sales guidance, the glum outlook from an economic bellwether like Caterpillar seems to have shaken the market out of its reverie. Shares of Caterpillar slumped about 5% in early trading.Caterpillar continues to expect a modest sales increase in 2019, but that assumes oil and gas markets recover toward the end of the year, and that dealers work through inventory buildups and are able to accept the price increases the company is banking on to offset increased costs. Those assumptions seem tenuous.Dealers’ inventories of machines and engines climbed by $500 million in the second quarter, compared with a $100 million rise in the year-earlier period. But Caterpillar’s backlog slumped by about $1.9 billion relative to the first quarter, implying a softer demand environment. Meanwhile, sales of oil and gas equipment in North America declined in the second quarter, in part because of weaker demand in the Permian Basin. Halliburton Co. earlier this week announced an 8% cut to its North American workforce and said it would park unused fracking equipment rather than chase after market share. The oilfield services provider echoed Schlumberger Ltd.’s expectations for further sluggishness in the region in the second half of the year, even as international markets deliver robust growth. It’s also worth noting that the competitive pricing pressure in Asia that so spooked Caterpillar investors in the first quarter isn’t fading away. Sales of construction products slumped 22% in the region in the second quarter.Caterpillar’s results came as IHS Markit’s euro-area manufacturing gauge signaled the steepest contraction in more than six years and Germany’s factory Purchasing Manager’s Index fell to the lowest level in seven years. A gauge of U.S. factories showed activity is hovering on the borderline between expansion and contraction in the lowest reading since 2009. The slowdown in this sector appears to be deepening and I remain skeptical that a quarter-point cut to interest rates by the Federal Reserve would be enough to motivate the kind of investment surge that could reverse that trend.Elsewhere in industrials, aerospace has remained a haven this earnings season, with strong organic sales growth in the Honeywell International Inc. and United Technologies Corp.’s units that sell engines and aircraft parts. But it’s worth noting that Boeing Co.’s backlog is shrinking. The planemaker also reported results on Wednesday, and said its commercial backlog included more than 5,500 airplanes valued at $390 billion, down from more than 5,600 planes valued at $399 billion at the end of the first quarter. That’s likely at least in part a reflection of the fact that the embattled 737 Max is now in the fifth month of a global grounding following two fatal crashes. But should aerospace start to wobble, then we’re really in trouble. To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg Opinion) -- Good news comes with baggage for industrial companies this earnings season. United Technologies Corp., Stanley Black & Decker Inc. and Sherwin-Williams Co. all reported better-than-expected second-quarter earnings per share on Tuesday, but each company also gave investors new data points to worry about.For United Technologies, it was the fact that its aerospace businesses seem to be the only thing driving its improved outlook for sales and earnings in 2019. New equipment orders dropped 12% at Carrier in the period and 6% at the Otis elevator division, echoing reports of damped enthusiasm from industrial distributor Fastenal Co. and indications of an overall stagnation in new U.S. factory orders in June from the Institute for Supply Management. Stanley and Sherwin-Williams both left their full-year adjusted profit guidance unchanged despite notable beats in the second quarter, suggesting a cautious outlook on the rest of the year. Indeed, Stanley modestly reduced its expectation for volume growth amid a weaker outlook for industrial and emerging markets. Sherwin-Williams now expects overall revenue to increase only as much as 4% in 2019, down from an April projection of as much as 7%. Both companies think they can make up ground via price increases, but such sales weakness is troubling because Stanley and Sherwin-Williams can also be good proxies for the housing market and consumer demand.Despite the mixed results, stocks of all three companies rose Tuesday. Sherwin-Williams hit a new high and was on track for its biggest gain since 2009, while Stanley saw its biggest intraday gain since December. This is partly a reflection of lowered expectations. Industrial companies within the S&P 500 command a price-earnings ratio of about 17.5, a 10% discount to the broader benchmark’s valuation of 19.5 times profit. The average discount over the past five years is closer to 4%. Stanley had been down nearly 2% in the year leading up to Tuesday’s earnings report, owing in part to margin pressure it flagged earlier in the year. United Technologies has missed out on a nearly 4% gain in the S&P 500 after announcing a merger with Raytheon Co. that’s roused pushback from activist investors Bill Ackman and Dan Loeb.Generally speaking, though, investors appear to be choosing to prioritize the good headlines over the bad. Pentair Plc rose as much as 5.1% on Tuesday, despite relying mostly on tax benefits to beat analysts' second-quarter earnings estimates and cutting its organic growth guidance for the year. The International Monetary Fund further reduced its global growth outlook on Tuesday, saying a projected pickup from 2019’s pace in 2020 is “precarious,” with the principal risk factors being the U.S.’s various trade battles and Brexit. But for now, industrial companies are drawing on every means they have to keep the boom going, whether that’s relying on the still-robust aerospace market, pushing through price increases and cost cuts, or simply wagering a Federal Reserve interest-rate cut will boost investment.The thing about price increases is they get much trickier to pass along if demand starts to wobble. Stanley is also feeling the pain from the U.S.-China trade war. It now expects a $390 million hit to 2019 earnings from tariffs, currency swings and rising commodity prices, up from $340 million previously. Come 2020, United Technologies’ Carrier and Otis units will be spun off as independent companies, freeing the company from any future underperformance. Currency swings wiped out the modest organic revenue gain at Carrier in the second quarter, leaving it with a 1% decline in overall sales for the first six months of the year, and United Technologies lowered its full-year sales and profit outlook for the division. The flip side of United Technologies’ breakup is that it will be more exposed to an eventual downturn in aerospace markets without those two divisions, something it hopes to offset by expanding its defense business through the Raytheon deal.This willingness to look past trouble spots will be put to the test later this week when Caterpillar Inc. and 3M Co. report.(Updates stock activity in the third and fourth paragraphs.)To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Pentair (PNR) reported adjusted earnings per share of 66 cents and revenues of $800 million in Q2, both ahead of the respective Zacks Consensus Estimate.
Pentair is expected to report net income of $112.7 million, or 65 cents a share, on sales of $790.2 million before the market opens on Tuesday, based on a FactSet survey of 15 analysts. It reported net income of $58.4 million. Pentair is currently trading at a price-to-forward-earnings ratio of 15.4 based on the 12-month estimates of 15 analysts surveyed by FactSet.
Pentair's (PNR) second-quarter 2019 results will be impacted by material cost inflation, impact of inventory build-up and fluctuations in foreign currency exchange rates.
Pentair (PNR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of March. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
Pentair PLC NYSE:PNRView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for PNR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PNR totaled $6.61 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.