Equities research analysts forecast that Pentair PLC. (NYSE:PNR) will post $1.00 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Pentair PLC.’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.04. Pentair PLC. posted earnings per share of $1.11 in the same quarter last year, which suggests a negative year over year growth rate of 9.9%. The company is expected to issue its next earnings results before the market opens on Tuesday, July 25th.

According to Zacks, analysts expect that Pentair PLC. will report full-year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.59. For the next year, analysts expect that the firm will report earnings of $3.93 per share, with EPS estimates ranging from $3.75 to $4.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Pentair PLC..

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Pentair PLC. had a net margin of 9.46% and a return on equity of 14.19%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis.

A number of research analysts recently issued reports on PNR shares. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. TheStreet upgraded Pentair PLC. from a “c+” rating to a “b” rating in a research note on Monday, April 17th. BMO Capital Markets reiterated a “hold” rating and set a $61.00 price objective on shares of Pentair PLC. in a research note on Wednesday, April 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $77.00 price objective (up from $73.00) on shares of Pentair PLC. in a research note on Wednesday, April 26th. Finally, Gabelli downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.85.

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Shares of Pentair PLC. (NYSE PNR) traded up 0.22% during midday trading on Wednesday, hitting $66.08. 627,644 shares of the stock were exchanged. The stock has a market cap of $12.04 billion, a P/E ratio of 24.06 and a beta of 1.40. Pentair PLC. has a 52-week low of $53.80 and a 52-week high of $69.03. The firm’s 50 day moving average price is $66.12 and its 200-day moving average price is $62.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be issued a dividend of $0.345 per share. The ex-dividend date is Wednesday, July 19th. This represents a $1.38 annualized dividend and a dividend yield of 2.09%. Pentair PLC.’s dividend payout ratio (DPR) is 50.37%.

In other news, VP Angela D. Jilek sold 1,367 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $65.00, for a total transaction of $88,855.00. Following the sale, the vice president now directly owns 33,262 shares of the company’s stock, valued at approximately $2,162,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the sale, the director now directly owns 20,804 shares in the company, valued at $1,408,014.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,726,000 shares of company stock worth $112,619,140 and have sold 356,353 shares worth $23,432,170. 9.90% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Pentair PLC. by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,766,592 shares of the industrial products company’s stock valued at $989,827,000 after buying an additional 557,786 shares during the period. BlackRock Inc. boosted its stake in shares of Pentair PLC. by 1,577.2% in the first quarter. BlackRock Inc. now owns 11,564,179 shares of the industrial products company’s stock valued at $726,001,000 after buying an additional 10,874,699 shares during the period. State Street Corp boosted its stake in shares of Pentair PLC. by 1.6% in the first quarter. State Street Corp now owns 11,282,638 shares of the industrial products company’s stock valued at $708,327,000 after buying an additional 180,937 shares during the period. Parnassus Investments CA boosted its stake in shares of Pentair PLC. by 1.3% in the first quarter. Parnassus Investments CA now owns 9,038,266 shares of the industrial products company’s stock valued at $551,514,000 after buying an additional 114,323 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Pentair PLC. by 16.1% in the first quarter. Clearbridge Investments LLC now owns 6,133,909 shares of the industrial products company’s stock valued at $385,087,000 after buying an additional 850,370 shares during the period. 86.37% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Pentair PLC. (NYSE:PNR)

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