$1.22 Billion in Sales Expected for Pentair PLC. (PNR) This Quarter
Analysts expect Pentair PLC. (NYSE:PNR) to post sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Pentair PLC.’s earnings. The lowest sales estimate is $1.20 billion and the highest is $1.23 billion. Pentair PLC. reported sales of $1.21 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The business is scheduled to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Pentair PLC. will report full year sales of $1.22 billion for the current year, with estimates ranging from $4.86 billion to $4.95 billion. For the next year, analysts anticipate that the business will report sales of $5.05 billion per share, with estimates ranging from $4.99 billion to $5.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Pentair PLC..
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis.
A number of equities research analysts have recently commented on PNR shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $61.00 price objective on shares of Pentair PLC. in a research report on Thursday, June 1st. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Pentair PLC. in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus lifted their price objective on Pentair PLC. from $63.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $66.86.
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Shares of Pentair PLC. (PNR) traded up 0.08% during mid-day trading on Friday, hitting $61.57. The company had a trading volume of 558,034 shares. The firm has a market capitalization of $11.17 billion, a P/E ratio of 18.12 and a beta of 1.38. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03. The firm has a 50-day moving average price of $64.79 and a 200 day moving average price of $63.16.
In other news, Director Edward P. Garden bought 398,000 shares of Pentair PLC. stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $65.13 per share, for a total transaction of $25,921,740.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark C. Borin sold 7,500 shares of Pentair PLC. stock in a transaction on Friday, May 19th. The shares were sold at an average price of $67.11, for a total value of $503,325.00. Following the completion of the transaction, the insider now owns 16,857 shares in the company, valued at approximately $1,131,273.27. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,726,000 shares of company stock worth $112,619,140 and sold 237,500 shares worth $15,706,725. 9.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Pentair PLC. by 2.5% in the second quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after buying an additional 392,842 shares in the last quarter. BlackRock Inc. boosted its position in shares of Pentair PLC. by 5.1% in the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after buying an additional 588,818 shares in the last quarter. State Street Corp boosted its position 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 worth $708,327,000 after buying an additional 180,937 shares in the last quarter. Parnassus Investments CA boosted its position 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 worth $551,514,000 after buying an additional 114,323 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position 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 worth $385,087,000 after buying an additional 850,370 shares in the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.
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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