Pentair plc (NYSE:PNR) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Jul 26
U.S. Machinery Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies173
- 7D1.4%
- 3M0.8%
- 1Y12.3%
- YTD8.7%
Over the last 7 days, the Machinery industry has risen 1.4%, driven by gains from Deere of 2.2%. Meanwhile, PACCAR actually underperformed within the industry, shrinking 7.9% in the last week. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 9.5% per annum.
Industry Valuation and Performance
Has the U.S. Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | US$1.0t | US$477.0b | US$51.7b | 21.9x | 19.4x | 2.1x |
| Mon, 24 Jun 2024 | US$966.1b | US$476.9b | US$51.6b | 21.6x | 18.7x | 2x |
| Wed, 22 May 2024 | US$1.0t | US$477.4b | US$51.3b | 22.3x | 20.2x | 2.2x |
| Fri, 19 Apr 2024 | US$1.0t | US$478.1b | US$48.2b | 22.1x | 21.1x | 2.1x |
| Sun, 17 Mar 2024 | US$1.0t | US$476.8b | US$48.0b | 23x | 21.3x | 2.1x |
| Tue, 13 Feb 2024 | US$986.5b | US$476.7b | US$47.3b | 22.8x | 20.9x | 2.1x |
| Thu, 11 Jan 2024 | US$943.3b | US$485.4b | US$47.8b | 22x | 19.7x | 1.9x |
| Sat, 09 Dec 2023 | US$896.6b | US$483.9b | US$47.8b | 21.5x | 18.7x | 1.9x |
| Mon, 06 Nov 2023 | US$853.0b | US$484.2b | US$46.8b | 19.7x | 18.2x | 1.8x |
| Wed, 04 Oct 2023 | US$864.0b | US$475.1b | US$44.4b | 19.7x | 19.5x | 1.8x |
| Fri, 01 Sep 2023 | US$926.4b | US$475.1b | US$44.5b | 20.6x | 20.8x | 1.9x |
| Sun, 30 Jul 2023 | US$933.7b | US$465.4b | US$41.2b | 20.7x | 22.6x | 2x |
| Tue, 27 Jun 2023 | US$880.0b | US$460.9b | US$40.5b | 19.9x | 21.7x | 1.9x |
| Thu, 25 May 2023 | US$789.6b | US$460.8b | US$40.4b | 18.2x | 19.5x | 1.7x |
| Sat, 22 Apr 2023 | US$822.6b | US$444.7b | US$38.3b | 20x | 21.5x | 1.8x |
| Mon, 20 Mar 2023 | US$788.4b | US$442.8b | US$38.0b | 21x | 20.7x | 1.8x |
| Wed, 15 Feb 2023 | US$868.1b | US$438.1b | US$37.2b | 23.4x | 23.4x | 2x |
| Fri, 13 Jan 2023 | US$859.5b | US$439.6b | US$36.4b | 23.2x | 23.6x | 2x |
| Sun, 11 Dec 2022 | US$817.2b | US$439.7b | US$35.8b | 20.9x | 22.9x | 1.9x |
| Tue, 08 Nov 2022 | US$795.1b | US$433.1b | US$36.1b | 21.4x | 22x | 1.8x |
| Thu, 06 Oct 2022 | US$717.9b | US$422.4b | US$35.4b | 19.1x | 20.3x | 1.7x |
| Sat, 03 Sep 2022 | US$720.4b | US$421.8b | US$35.4b | 19.7x | 20.3x | 1.7x |
| Mon, 01 Aug 2022 | US$762.6b | US$412.2b | US$35.2b | 22.6x | 21.6x | 1.9x |
| Wed, 29 Jun 2022 | US$694.1b | US$410.3b | US$35.4b | 20.5x | 19.6x | 1.7x |
| Fri, 27 May 2022 | US$733.1b | US$409.5b | US$35.6b | 21.2x | 20.6x | 1.8x |
| Sun, 24 Apr 2022 | US$788.0b | US$402.0b | US$36.3b | 22.3x | 21.7x | 2x |
| Tue, 22 Mar 2022 | US$837.9b | US$402.5b | US$36.1b | 27x | 23.2x | 2.1x |
| Thu, 17 Feb 2022 | US$843.8b | US$401.9b | US$36.8b | 27.2x | 22.9x | 2.1x |
| Sat, 15 Jan 2022 | US$901.1b | US$397.3b | US$36.3b | 29.3x | 24.8x | 2.3x |
| Mon, 13 Dec 2021 | US$887.3b | US$397.0b | US$36.2b | 30.3x | 24.5x | 2.2x |
| Wed, 10 Nov 2021 | US$910.8b | US$394.7b | US$35.5b | 31.3x | 25.7x | 2.3x |
| Fri, 08 Oct 2021 | US$845.0b | US$384.2b | US$32.6b | 29.5x | 26x | 2.2x |
| Sun, 05 Sep 2021 | US$902.5b | US$387.3b | US$32.4b | 30.7x | 27.9x | 2.3x |
| Tue, 03 Aug 2021 | US$891.5b | US$384.7b | US$31.5b | 30x | 28.3x | 2.3x |
Price to Earnings Ratio
28.3x
Current Industry PE
- Investors are pessimistic on the American Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 19.4x which is lower than its 3-year average PE of 21.9x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 7.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | -0.64% | |
| Industrials | 1.17% | |
| Machinery | 1.41% | |
| Industrial Machinery | 2.43% | |
| Agricultural Machinery | 1.87% | |
| Construction Machinery and Vehicles | -0.39% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 29.1x.
- Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings growth of 10.5% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings decline by 5.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DE Deere | US$386.55 | 2.2% +US$2.3b | -9.5% | PE11.3x | |
| PNR Pentair | US$88.50 | 12.3% +US$1.6b | 27.0% | PE22.2x | |
| ITW Illinois Tool Works | US$247.49 | 2.0% +US$1.5b | -4.8% | PE24.1x | |
| CAT Caterpillar | US$350.48 | 0.8% +US$1.4b | 34.6% | PE15.2x | |
| SWK Stanley Black & Decker | US$95.43 | 9.8% +US$1.3b | -3.6% | PS0.9x |
