Wall Street analysts forecast that Pentair plc. Ordinary Share (NYSE:PNR) will post $1.25 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Pentair plc. Ordinary Share’s earnings. The lowest sales estimate is $1.23 billion and the highest is $1.27 billion. Pentair plc. Ordinary Share reported sales of $1.18 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is expected to announce its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Pentair plc. Ordinary Share will report full-year sales of $1.25 billion for the current fiscal year, with estimates ranging from $5.09 billion to $5.24 billion. For the next year, analysts forecast that the firm will post sales of $5.30 billion per share, with estimates ranging from $5.24 billion to $5.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Pentair plc. Ordinary Share.
Pentair plc. Ordinary Share (NYSE:PNR) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Pentair plc. Ordinary Share had a net margin of 13.50% and a return on equity of 13.41%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year.
Shares of Pentair plc. Ordinary Share (NYSE:PNR) opened at $69.97 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Pentair plc. Ordinary Share has a 12 month low of $59.13 and a 12 month high of $74.84. The firm has a market cap of $12,958.85, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, April 12th. Pentair plc. Ordinary Share’s dividend payout ratio (DPR) is 38.57%.
In related news, CFO John L. Stauch sold 2,392 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $70.30, for a total value of $168,157.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Pentair plc. Ordinary Share in the third quarter worth about $116,000. Fieldpoint Private Securities LLC acquired a new stake in Pentair plc. Ordinary Share in the fourth quarter worth about $127,000. Icon Wealth Partners LLC acquired a new stake in Pentair plc. Ordinary Share in the fourth quarter worth about $134,000. Glenmede Trust Co. NA lifted its holdings in Pentair plc. Ordinary Share by 71.0% in the fourth quarter. Glenmede Trust Co. NA now owns 1,987 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 825 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in Pentair plc. Ordinary Share in the fourth quarter worth about $188,000. 86.57% of the stock is owned by institutional investors and hedge funds.
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About Pentair plc. Ordinary Share
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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