Wall Street brokerages expect that Pentair PLC (NYSE:PNR) will announce sales of $718.93 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Pentair’s earnings. The lowest sales estimate is $713.20 million and the highest is $721.90 million. Pentair posted sales of $711.40 million during the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The company is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, October 23rd.
On average, analysts expect that Pentair will report full year sales of $2.98 billion for the current financial year, with estimates ranging from $2.96 billion to $2.99 billion. For the next year, analysts forecast that the business will post sales of $3.09 billion, with estimates ranging from $3.05 billion to $3.12 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Pentair.
Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The firm had revenue of $799.50 million during the quarter, compared to analysts’ expectations of $790.62 million. Pentair had a return on equity of 21.15% and a net margin of 12.54%. Pentair’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share.
PNR has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Pentair from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. ValuEngine upgraded Pentair from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group started coverage on Pentair in a research report on Friday, September 20th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.17.
NYSE:PNR traded up $1.33 during trading hours on Friday, hitting $37.46. The company’s stock had a trading volume of 49,629 shares, compared to its average volume of 1,052,500. The business’s 50-day moving average is $36.54 and its two-hundred day moving average is $37.71. The company has a market capitalization of $5.91 billion, a PE ratio of 16.01, a PEG ratio of 2.95 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.91 and a current ratio of 1.47. Pentair has a 52-week low of $34.50 and a 52-week high of $45.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, October 17th. Pentair’s dividend payout ratio (DPR) is 30.64%.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Pentair by 19.2% in the second quarter. BlackRock Inc. now owns 16,039,343 shares of the industrial products company’s stock valued at $596,665,000 after purchasing an additional 2,582,896 shares during the last quarter. Parnassus Investments CA grew its holdings in Pentair by 7.0% in the second quarter. Parnassus Investments CA now owns 8,216,678 shares of the industrial products company’s stock valued at $305,661,000 after purchasing an additional 536,965 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Pentair by 39.7% in the second quarter. Impax Asset Management Group plc now owns 6,964,821 shares of the industrial products company’s stock valued at $259,091,000 after purchasing an additional 1,979,216 shares during the last quarter. Invesco Ltd. grew its holdings in Pentair by 11.5% in the second quarter. Invesco Ltd. now owns 6,451,160 shares of the industrial products company’s stock valued at $239,982,000 after purchasing an additional 665,146 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Pentair by 2.5% in the first quarter. Clearbridge Investments LLC now owns 4,251,011 shares of the industrial products company’s stock valued at $189,213,000 after purchasing an additional 102,888 shares during the last quarter. 85.76% of the stock is currently owned by institutional investors.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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