Wall Street brokerages expect Pentair PLC (NYSE:PNR) to report $733.60 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Pentair’s earnings. The highest sales estimate is $739.00 million and the lowest is $722.50 million. Pentair reported sales of $1.27 billion in the same quarter last year, which would suggest a negative year over year growth rate of 42.2%. The business is scheduled to announce its next earnings report on Thursday, April 18th.
On average, analysts expect that Pentair will report full-year sales of $3.13 billion for the current year, with estimates ranging from $3.11 billion to $3.15 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.25 billion, with estimates ranging from $3.22 billion to $3.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Pentair.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The business had revenue of $740.50 million for the quarter, compared to the consensus estimate of $735.74 million. During the same period last year, the business earned $0.93 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year.
A number of analysts have issued reports on PNR shares. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Wednesday, December 5th. ValuEngine raised Pentair from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $48.40.
Shares of PNR stock traded down $0.47 during trading on Wednesday, reaching $43.17. The company had a trading volume of 1,245,200 shares, compared to its average volume of 1,491,639. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. Pentair has a one year low of $35.30 and a one year high of $72.96. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.65 and a beta of 1.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, April 17th. Pentair’s dividend payout ratio (DPR) is currently 30.64%.
In other Pentair news, COO Karl R. Frykman sold 10,241 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the sale, the chief operating officer now owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ademir Sarcevic sold 1,287 shares of Pentair stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $37.61, for a total value of $48,404.07. The disclosure for this sale can be found here. Insiders sold a total of 11,794 shares of company stock worth $482,559 in the last ninety days. Insiders own 10.70% of the company’s stock.
Several large investors have recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its stake in Pentair by 47.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after buying an additional 329 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Pentair in the 4th quarter valued at $42,000. Mercer Capital Advisers Inc. boosted its stake in Pentair by 52.0% in the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after buying an additional 650 shares in the last quarter. ETF Managers Group LLC boosted its stake in Pentair by 19.6% in the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after buying an additional 325 shares in the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new stake in Pentair in the 4th quarter valued at $156,000. 84.77% of the stock is currently owned by institutional investors.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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