Brokerages predict that Pentair PLC. (NYSE:PNR) will report earnings of $0.93 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Pentair’s earnings, with estimates ranging from $0.93 to $0.94. Pentair reported earnings per share of $0.78 during the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The business is expected to report its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Pentair will report full year earnings of $3.53 per share for the current fiscal year, with EPS estimates ranging from $3.52 to $3.54. For the next fiscal year, analysts anticipate that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.85 to $4.05. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Pentair.

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

PNR has been the subject of several research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $70.00 price objective on shares of Pentair in a report on Wednesday, September 6th. Jefferies Group reaffirmed a “hold” rating and set a $59.00 price objective on shares of Pentair in a report on Thursday, September 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $74.00 price objective (up from $70.00) on shares of Pentair in a report on Monday, October 2nd. Cowen reaffirmed an “underperform” rating and set a $61.00 price objective (up from $59.00) on shares of Pentair in a report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 price objective on shares of Pentair in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $70.67.

Pentair (NYSE PNR) opened at $68.17 on Monday. The stock has a market capitalization of $12,379.47, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.81 and a beta of 1.41. Pentair has a 1-year low of $55.76 and a 1-year high of $71.76. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, January 25th. Pentair’s payout ratio is 41.82%.

In related news, insider Karl R. Frykman sold 11,386 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total value of $799,752.64. Following the completion of the transaction, the insider now directly owns 36,476 shares in the company, valued at $2,562,074.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. bought 9,966 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of $69.22 per share, with a total value of $689,846.52. Following the completion of the purchase, the director now directly owns 1,122 shares of the company’s stock, valued at approximately $77,664.84. The disclosure for this purchase can be found here. Over the last three months, insiders sold 217,632 shares of company stock valued at $14,783,286. Insiders own 9.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased its stake in Pentair by 2.8% in the second quarter. Swiss National Bank now owns 629,157 shares of the industrial products company’s stock valued at $41,864,000 after purchasing an additional 17,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Pentair by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 45,892 shares of the industrial products company’s stock valued at $3,119,000 after purchasing an additional 2,047 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Pentair by 11.0% in the third quarter. BNP Paribas Arbitrage SA now owns 323,672 shares of the industrial products company’s stock valued at $21,997,000 after purchasing an additional 31,990 shares during the last quarter. Trian Fund Management L.P. increased its stake in Pentair by 6.0% in the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock valued at $1,011,470,000 after purchasing an additional 862,769 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Pentair by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 611,177 shares of the industrial products company’s stock valued at $40,668,000 after purchasing an additional 46,856 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

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

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