Pentair PLC

PNR remains entrenched in a high-confidence Stage 4 decline, with long- and medium-term downtrends intact and no mean-reversion eligibility. Recent extreme oversold bounces have failed at declining EMAs and the 50 SMA. We maintain a bearish medium-term bias but defer execution until price rallies into the 9/21 EMA and 50 DMA resistance zone, at which point a rejection would offer an optimal trim opportunity.

• ↑12 quarters of margin expansion with RoS up 260 bps, adj. op income +12% YoY in Q1 2025
• ↑Record free cash flow of $596 M in Q2 2025, converting ~100% of net income
• ↓New CFO after July 2026 departure creates strategic uncertainty