Equities analysts expect that Pentair PLC. (NYSE:PNR) will report sales of $1.23 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Pentair PLC.’s earnings. The lowest sales estimate is $1.22 billion and the highest is $1.23 billion. Pentair PLC. posted sales of $1.21 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 24th.

On average, analysts expect that Pentair PLC. will report full-year sales of $1.23 billion for the current year, with estimates ranging from $4.86 billion to $4.93 billion. For the next year, analysts anticipate that the business will report sales of $5.07 billion per share, with estimates ranging from $4.99 billion to $5.23 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Pentair PLC..

Pentair PLC. (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price target on shares of Pentair PLC. in a research note on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of Pentair PLC. in a report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $74.00 price objective (up from $70.00) on shares of Pentair PLC. in a report on Monday. Cowen and Company reiterated an “underperform” rating and issued a $61.00 price objective (up from $59.00) on shares of Pentair PLC. in a report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price objective on shares of Pentair PLC. in a report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.92.

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Pentair PLC. (NYSE:PNR) opened at 70.04 on Thursday. The company’s 50-day moving average price is $64.13 and its 200-day moving average price is $64.43. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 20.62 and a beta of 1.41. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $70.51.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Friday, October 20th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, October 19th. Pentair PLC.’s dividend payout ratio is currently 40.71%.

In other news, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total transaction of $348,400.00. Following the transaction, the director now directly owns 21,538 shares in the company, valued at approximately $1,443,046. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.90% of the company’s stock.

Several institutional investors have recently modified their holdings of PNR. UBS Asset Management Americas Inc. boosted its holdings in shares of Pentair PLC. by 15.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,381,876 shares of the industrial products company’s stock worth $86,754,000 after purchasing an additional 184,269 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Pentair PLC. by 51.8% during the 1st quarter. Quantbot Technologies LP now owns 4,118 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 1,406 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Pentair PLC. by 29.9% during the 1st quarter. Victory Capital Management Inc. now owns 4,964 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 1,143 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Pentair PLC. by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 396,476 shares of the industrial products company’s stock worth $24,891,000 after purchasing an additional 13,307 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Pentair PLC. by 16.0% during the 1st quarter. FMR LLC now owns 4,293,038 shares of the industrial products company’s stock worth $269,517,000 after purchasing an additional 591,429 shares during the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.

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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