Analysts expect that Pentair PLC. (NYSE:PNR) will report $1.24 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Pentair’s earnings. The lowest sales estimate is $1.22 billion and the highest is $1.25 billion. Pentair reported sales of $1.19 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, January 30th.
According to Zacks, analysts expect that Pentair will report full-year sales of $1.24 billion for the current fiscal year, with estimates ranging from $4.88 billion to $4.93 billion. For the next financial year, analysts forecast that the firm will post sales of $5.08 billion per share, with estimates ranging from $5.03 billion to $5.13 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Pentair.
Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis.
Shares of Pentair (NYSE PNR) opened at $72.55 on Friday. Pentair has a twelve month low of $56.53 and a twelve month high of $72.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. The company has a market cap of $12,857.10, a PE ratio of 21.98, a PEG ratio of 1.68 and a beta of 1.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from Pentair’s previous quarterly dividend of $0.35. Pentair’s payout ratio is 41.82%.
In related news, Director William T. Monahan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total transaction of $702,700.00. Following the completion of the transaction, the director now owns 50,656 shares in the company, valued at approximately $3,559,597.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total transaction of $799,752.64. Following the transaction, the insider now owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 212,432 shares of company stock valued at $14,434,886. 9.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC grew its position in Pentair by 193.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,327,823 shares of the industrial products company’s stock worth $88,353,000 after purchasing an additional 875,023 shares during the last quarter. Trian Fund Management L.P. grew its position in Pentair by 6.0% during the 2nd 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 last quarter. BlackRock Inc. grew its position in Pentair by 5.1% during the 2nd 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 last quarter. Bain Capital Public Equity Management LLC grew its position in Pentair by 67.3% during the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,321,273 shares of the industrial products company’s stock worth $87,918,000 after purchasing an additional 531,652 shares during the last quarter. Finally, AXA grew its position in Pentair by 2,664.8% during the 3rd quarter. AXA now owns 476,465 shares of the industrial products company’s stock worth $32,380,000 after purchasing an additional 459,232 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.
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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