Wall Street analysts predict that Pentair PLC. (NYSE:PNR) will report sales of $1.27 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Pentair PLC.’s earnings. The lowest sales estimate is $1.25 billion and the highest is $1.29 billion. Pentair PLC. reported sales of $1.73 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 26.6%. The firm is expected to report its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Pentair PLC. will report full-year sales of $1.27 billion for the current fiscal year, with estimates ranging from $4.78 billion to $4.89 billion. For the next year, analysts forecast that the firm will post sales of $4.98 billion per share, with estimates ranging from $4.88 billion to $5.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Pentair PLC..
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Pentair PLC. had a return on equity of 14.19% and a net margin of 9.46%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s revenue was down .5% on a year-over-year basis.
PNR has been the subject of several research reports. Jefferies Group LLC lifted their target price on shares of Pentair PLC. from $58.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Gabelli cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. TheStreet raised shares of Pentair PLC. from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $77.00 target price (up from $73.00) on shares of Pentair PLC. in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Pentair PLC. currently has an average rating of “Hold” and a consensus price target of $66.46.
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In related news, VP Angela D. Jilek sold 1,367 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $65.00, for a total transaction of $88,855.00. Following the completion of the sale, the vice president now directly owns 33,262 shares of the company’s stock, valued at approximately $2,162,030. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $65.25 per share, with a total value of $56,310,750.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,726,000 shares of company stock valued at $112,619,140 and have sold 356,353 shares valued at $23,432,170. 9.90% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC raised its position in shares of Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock valued at $351,000 after buying an additional 15 shares in the last quarter. Keybank National Association OH raised its position in shares of Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after buying an additional 24 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after buying an additional 28 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Pentair PLC. by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,585 shares of the industrial products company’s stock valued at $537,000 after buying an additional 69 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.
Pentair PLC. (PNR) traded up 1.47% during midday trading on Friday, hitting $66.05. The company had a trading volume of 625,810 shares. The firm has a market capitalization of $12.04 billion, a P/E ratio of 24.04 and a beta of 1.33. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03. The company has a 50 day moving average price of $66.02 and a 200 day moving average price of $61.52.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 21st will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, July 19th. Pentair PLC.’s payout ratio is 50.37%.
Pentair PLC. Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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