$1.24 Billion in Sales Expected for Pentair PLC. (PNR) This Quarter

Wall Street brokerages predict that Pentair PLC. (NYSE:PNR) will announce $1.24 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Pentair’s earnings. The highest sales estimate is $1.25 billion and the lowest is $1.22 billion. Pentair posted sales of $1.19 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The firm is scheduled to report its next earnings report 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 year, analysts anticipate that the firm will report sales of $5.09 billion per share, with estimates ranging from $5.03 billion to $5.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Pentair.

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

A number of research analysts have recently commented on the company. KeyCorp reiterated a “buy” rating and issued a $77.00 price objective on shares of Pentair in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price objective on shares of Pentair in a report on Wednesday, October 4th. Zacks Investment Research downgraded Pentair from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Robert W. Baird increased their price objective on Pentair from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Cowen reiterated an “underperform” rating and issued a $61.00 price objective (up previously from $59.00) on shares of Pentair in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.91.

In related news, CFO John L. Stauch sold 2,392 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total transaction of $168,157.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Trian Fund Management, L.P. purchased 9,966 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of $69.22 per share, for a total transaction of $689,846.52. Following the purchase, the director now directly owns 1,122 shares in the company, valued at $77,664.84. The disclosure for this purchase can be found here. Insiders have sold a total of 214,824 shares of company stock worth $14,603,044 in the last 90 days. 9.90% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Addison Capital Co lifted its position in Pentair by 12.8% during the 4th quarter. Addison Capital Co now owns 10,203 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 1,160 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Pentair during the 4th quarter worth approximately $308,000. State of Alaska Department of Revenue lifted its position in Pentair by 76.7% during the 4th quarter. State of Alaska Department of Revenue now owns 26,290 shares of the industrial products company’s stock worth $1,854,000 after acquiring an additional 11,412 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Pentair by 1.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 623,455 shares of the industrial products company’s stock worth $44,029,000 after acquiring an additional 6,267 shares during the period. Finally, Bank of Montreal Can lifted its position in Pentair by 36.7% during the 4th quarter. Bank of Montreal Can now owns 85,307 shares of the industrial products company’s stock worth $6,023,000 after acquiring an additional 22,918 shares during the period. Hedge funds and other institutional investors own 84.39% of the company’s stock.

Shares of Pentair (NYSE:PNR) opened at $73.98 on Monday. 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 1-year low of $57.44 and a 1-year high of $74.84. The firm has a market capitalization of $13,434.55, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41.

The firm also recently disclosed 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. The ex-dividend date is Thursday, January 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio is presently 41.82%.

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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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