Equities research analysts expect that Pentair PLC (NYSE:PNR) will announce sales of $733.60 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Pentair’s earnings. The lowest sales estimate is $722.50 million and the highest is $739.00 million. Pentair posted sales of $1.27 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 42.2%. The company is scheduled to issue 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 financial year, analysts expect that the firm will report sales of $3.25 billion, with estimates ranging from $3.22 billion to $3.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Pentair.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $740.50 million during the quarter, compared to analyst estimates of $735.74 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis.
A number of research analysts have issued reports on PNR shares. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, December 20th. Stifel Nicolaus upgraded Pentair from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Pentair presently has a consensus rating of “Hold” and a consensus price target of $48.40.
PNR stock traded down $0.19 during trading on Monday, reaching $42.60. 2,576 shares of the company’s stock were exchanged, compared to its average volume of 1,550,037. 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 1-year low of $35.30 and a 1-year high of $73.07. The firm has a market capitalization of $7.43 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. Pentair’s dividend payout ratio (DPR) is 30.64%.
In other news, COO Karl R. Frykman sold 10,241 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $41.28, for a total transaction of $422,748.48. Following the completion of the sale, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at $2,513,002.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ademir Sarcevic sold 1,287 shares of the company’s stock in a transaction on Thursday, January 3rd. The shares were 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. Corporate insiders own 10.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eaton Vance Management lifted its holdings in shares of Pentair by 0.5% during the fourth quarter. Eaton Vance Management now owns 59,581 shares of the industrial products company’s stock valued at $2,251,000 after purchasing an additional 305 shares during the last quarter. ETF Managers Group LLC raised its position in Pentair by 19.6% during the fourth 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 during the period. CSat Investment Advisory L.P. raised its position in Pentair by 47.8% during the fourth 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 during the period. Stephens Inc. AR raised its position in Pentair by 3.7% during the fourth quarter. Stephens Inc. AR now owns 13,082 shares of the industrial products company’s stock valued at $494,000 after buying an additional 463 shares during the period. Finally, D.A. Davidson & CO. raised its position in Pentair by 1.4% during the fourth quarter. D.A. Davidson & CO. now owns 37,688 shares of the industrial products company’s stock valued at $1,424,000 after buying an additional 503 shares during the period. 82.23% of the stock is owned by institutional investors and hedge funds.
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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