Pentair PLC (NYSE:PNR) – Stock analysts at KeyCorp issued their Q1 2019 earnings estimates for Pentair in a research note issued to investors on Tuesday, January 29th. KeyCorp analyst J. Hammond forecasts that the industrial products company will post earnings of $0.54 per share for the quarter. KeyCorp also issued estimates for Pentair’s Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.66 EPS and FY2020 earnings at $2.83 EPS.
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Several other research firms have also issued reports on PNR. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, December 20th. Stifel Nicolaus upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, October 24th. Finally, Oppenheimer restated a “hold” rating on shares of Pentair in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Pentair has an average rating of “Hold” and a consensus price target of $50.55.
NYSE:PNR opened at $41.19 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.15 billion, a P/E ratio of 17.53, a PEG ratio of 1.55 and a beta of 1.25. Pentair has a 1 year low of $35.30 and a 1 year high of $74.05.
Pentair (NYSE:PNR) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The business had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. During the same period last year, the business posted $0.93 EPS. Pentair’s revenue was up 2.7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 25th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.75%. This is a positive change from Pentair’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, January 24th. Pentair’s dividend payout ratio (DPR) is currently 30.64%.
In other news, SVP Ademir Sarcevic sold 1,287 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $37.61, for a total transaction of $48,404.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PNR. OppenheimerFunds Inc. lifted its holdings in shares of Pentair by 68.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 11,207 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 4,565 shares during the period. Morgan Stanley lifted its holdings in shares of Pentair by 32.8% during the 2nd quarter. Morgan Stanley now owns 828,257 shares of the industrial products company’s stock worth $34,855,000 after acquiring an additional 204,617 shares during the period. Millennium Management LLC lifted its holdings in shares of Pentair by 215.0% during the 2nd quarter. Millennium Management LLC now owns 251,442 shares of the industrial products company’s stock worth $10,581,000 after acquiring an additional 171,629 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Pentair by 30.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 16,187 shares of the industrial products company’s stock worth $681,000 after acquiring an additional 3,799 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Pentair by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,134,055 shares of the industrial products company’s stock worth $47,721,000 after acquiring an additional 51,182 shares during the period. 85.35% of the stock is owned by institutional investors.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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