NYSE:PNRMachinery
Pentair (PNR): Profit Margin Softness Tests Premium Valuation Narrative
Pentair (PNR) reported a net profit margin of 15.8%, slightly down from 16.3% last year. Recent earnings growth turned negative following a five-year annual average growth rate of 9.6%. Looking ahead, earnings are forecast to grow at around 12% per year. However, this pace is slower than both the broader US market and the company's own revenue growth projections. With high quality reported earnings and the stock trading below an estimated fair value, investors are weighing slower near-term...