Pentair (PNR) Scheduled to Post Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Pentair to post earnings of $0.90 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts expect Pentair to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pentair Stock Performance

NYSE:PNR opened at $78.53 on Monday. The company has a fifty day simple moving average of $80.02 and a two-hundred day simple moving average of $71.56. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. Pentair has a 52 week low of $51.38 and a 52 week high of $85.81.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is 24.53%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group boosted their price target on shares of Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Royal Bank of Canada lifted their price objective on shares of Pentair from $78.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, April 15th. KeyCorp lifted their price objective on shares of Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Finally, Stifel Nicolaus boosted their price target on shares of Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PNR. Raymond James Financial Services Advisors Inc. increased its stake in shares of Pentair by 10.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock worth $885,000 after acquiring an additional 1,554 shares during the period. HighTower Advisors LLC grew its position in shares of Pentair by 54.2% in the first quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock valued at $879,000 after purchasing an additional 5,692 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Pentair by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock valued at $1,200,000 after buying an additional 1,371 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Pentair by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after buying an additional 322 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Pentair by 17.3% during the first quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock valued at $770,000 after buying an additional 2,098 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.