Wall Street analysts expect that Pentair PLC. (NYSE:PNR) will announce $1.24 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Pentair’s earnings, with estimates ranging from $1.22 billion to $1.25 billion. Pentair reported sales of $1.19 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Pentair will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $4.88 billion to $4.93 billion. For the next year, analysts anticipate that the company will report sales of $5.08 billion per share, with estimates ranging from $5.03 billion to $5.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Pentair.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on PNR shares. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Robert W. Baird reiterated a “hold” rating and set a $70.00 price target on shares of Pentair in a research report on Wednesday, October 4th. Jefferies Group reiterated a “hold” rating and set a $59.00 price target on shares of Pentair in a research report on Thursday, September 21st. Stifel Nicolaus reiterated a “hold” rating and set a $76.00 price target (up previously from $75.00) on shares of Pentair in a research report on Wednesday, October 25th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $70.00 price target on shares of Pentair in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Pentair has an average rating of “Hold” and an average target price of $70.92.

Shares of Pentair (NYSE PNR) opened at $71.16 on Friday. The company has a market capitalization of $12,588.33, a PE ratio of 20.51, a P/E/G ratio of 1.84 and a beta of 1.40. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair has a twelve month low of $55.76 and a twelve month high of $71.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were issued a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 1.94%. Pentair’s payout ratio is 41.82%.

In other news, Director Trian Fund Management, L.P. purchased 9,966 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of $69.22 per share, for a total transaction of $689,846.52. Following the completion of the transaction, the director now directly owns 1,122 shares in the company, valued at approximately $77,664.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William T. Monahan sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 50,656 shares of the company’s stock, valued at approximately $3,559,597.12. The disclosure for this sale can be found here. Insiders have sold 217,632 shares of company stock valued at $14,783,286 in the last ninety days. Insiders own 9.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Pentair by 2.5% during 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 purchasing an additional 392,842 shares during the period. Trian Fund Management L.P. raised its position in shares of Pentair by 6.0% during the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after purchasing an additional 862,769 shares during the period. BlackRock Inc. raised its position in shares of Pentair by 5.1% during the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after purchasing an additional 588,818 shares during the period. Wells Fargo & Company MN raised its position in shares of Pentair by 0.5% during the third quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock worth $163,724,000 after purchasing an additional 11,035 shares during the period. Finally, Sound Shore Management Inc. CT raised its position in shares of Pentair by 8.6% during the second quarter. Sound Shore Management Inc. CT now owns 2,303,860 shares of the industrial products company’s stock worth $153,299,000 after purchasing an additional 183,299 shares during the period. 84.54% of the stock is currently owned by institutional investors and hedge funds.

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About Pentair

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 (NYSE:PNR)

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