$1.24 Billion in Sales Expected for Pentair PLC. (PNR) This Quarter
Analysts expect Pentair PLC. (NYSE:PNR) to report $1.24 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Pentair PLC.’s earnings, with estimates ranging from $1.22 billion to $1.25 billion. Pentair PLC. reported sales of $1.19 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Pentair PLC. will report full year sales of $1.24 billion for the current year, with estimates ranging from $4.88 billion to $4.93 billion. For the next year, analysts forecast that the company will post sales of $5.09 billion per share, with estimates ranging from $5.03 billion to $5.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Pentair PLC..
Pentair PLC. (NYSE:PNR) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Pentair PLC. had a net margin of 12.50% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share.
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price objective on shares of Pentair PLC. in a report on Wednesday, October 4th. BidaskClub lowered shares of Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Seaport Global Securities reissued a “buy” rating on shares of Pentair PLC. in a research report on Wednesday, October 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $74.00 target price (up previously from $70.00) on shares of Pentair PLC. in a research report on Monday, October 2nd. Finally, Robert W. Baird raised their target price on shares of Pentair PLC. from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.92.
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In other Pentair PLC. news, Director William T. Monahan sold 10,000 shares of Pentair PLC. stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total value of $702,700.00. Following the completion of the sale, the director now owns 50,656 shares in the company, valued at approximately $3,559,597.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Merriman sold 5,200 shares of Pentair PLC. stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $67.00, for a total transaction of $348,400.00. Following the completion of the sale, the director now owns 21,538 shares of the company’s stock, valued at approximately $1,443,046. The disclosure for this sale can be found here. Insiders sold a total of 26,586 shares of company stock valued at $1,850,853 in the last quarter. Corporate insiders own 9.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank grew its holdings in shares of Pentair PLC. by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 843 shares during the last quarter. Tiedemann Wealth Management LLC grew its holdings in shares of Pentair PLC. by 25.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 2,091 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Pentair PLC. by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Pentair PLC. during the 3rd quarter valued at approximately $116,000. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of Pentair PLC. by 6.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares during the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pentair PLC. (PNR) traded down $0.12 during trading on Monday, reaching $68.05. 1,043,400 shares of the company’s stock traded hands, compared to its average volume of 860,627. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. The company has a market capitalization of $12,357.70, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40. Pentair PLC. has a 1 year low of $55.76 and a 1 year high of $71.65.
The business also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, October 19th. Pentair PLC.’s dividend payout ratio is presently 41.82%.
About Pentair PLC.
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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