Equities research analysts expect that Pentair PLC (NYSE:PNR) will post sales of $791.45 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pentair’s earnings, with the highest sales estimate coming in at $795.50 million and the lowest estimate coming in at $789.00 million. Pentair posted sales of $1.27 billion during the same quarter last year, which would indicate a negative year over year growth rate of 37.7%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 25th.
On average, analysts expect that Pentair will report full-year sales of $2.97 billion for the current financial year, with estimates ranging from $2.95 billion to $2.99 billion. For the next financial year, analysts forecast that the business will post sales of $3.08 billion per share, with estimates ranging from $3.05 billion to $3.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Pentair.
Get Pentair alerts:
Pentair (NYSE:PNR) last posted its earnings results on Thursday, April 19th. The industrial products company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pentair had a net margin of 13.57% and a return on equity of 14.01%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.
A number of research analysts have commented on PNR shares. JPMorgan Chase & Co. cut their target price on shares of Pentair from $79.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 1st. Royal Bank of Canada reissued a “hold” rating and set a $48.00 target price on shares of Pentair in a research report on Friday. Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research report on Wednesday, April 11th. UBS Group raised shares of Pentair from a “sell” rating to a “neutral” rating and set a $73.00 target price on the stock in a research report on Monday, April 2nd. Finally, Robert W. Baird cut their target price on shares of Pentair from $75.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 1st. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Pentair presently has a consensus rating of “Hold” and a consensus price target of $61.00.
NYSE PNR traded up $0.09 during trading on Thursday, reaching $43.16. 1,729,900 shares of the company’s stock traded hands, compared to its average volume of 1,699,522. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.65. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35. Pentair has a 12-month low of $39.70 and a 12-month high of $50.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, July 19th. Pentair’s payout ratio is currently 39.66%.
In related news, Director Trian Fund Management, L.P. sold 1,675,000 shares of Pentair stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $44.14, for a total value of $73,934,500.00. Following the completion of the sale, the director now directly owns 2,862 shares in the company, valued at approximately $126,328.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Randall J. Hogan sold 100,000 shares of Pentair stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $71.50, for a total transaction of $7,150,000.00. Following the completion of the sale, the chairman now owns 83,055 shares of the company’s stock, valued at $5,938,432.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,776,042 shares of company stock worth $81,127,920. Insiders own 9.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PNR. Fieldpoint Private Securities LLC acquired a new stake in Pentair in the 4th quarter worth approximately $127,000. Glenmede Trust Co. NA boosted its stake in Pentair by 71.0% in the 4th quarter. Glenmede Trust Co. NA now owns 1,987 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 825 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Pentair in the 1st quarter worth approximately $170,000. TLP Group LLC boosted its stake in Pentair by 5,880.0% in the 1st quarter. TLP Group LLC now owns 3,289 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Pentair by 3,358.1% in the 1st quarter. Summit Trail Advisors LLC now owns 236,018 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 229,193 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.
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.
See Also: Book Value Per Share BVPS
Get a free copy of the Zacks research report on Pentair (PNR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com