Wall Street analysts forecast that Pentair plc (NYSE:PNR) will announce sales of $768.26 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Pentair’s earnings, with estimates ranging from $731.60 million to $778.50 million. Pentair posted sales of $710.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 29th.
On average, analysts expect that Pentair will report full-year sales of $3.18 billion for the current fiscal year, with estimates ranging from $3.14 billion to $3.23 billion. For the next financial year, analysts expect that the firm will post sales of $3.32 billion, with estimates ranging from $3.25 billion to $3.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Pentair.
Pentair (NYSE:PNR) last posted its quarterly earnings data on Thursday, January 28th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Pentair had a net margin of 11.87% and a return on equity of 21.27%. The company had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $752.85 million. During the same period in the prior year, the company posted $0.68 earnings per share. Pentair’s revenue for the quarter was up 5.4% compared to the same quarter last year.
Shares of PNR traded down $0.67 during trading hours on Thursday, hitting $55.11. 4,133 shares of the stock were exchanged, compared to its average volume of 1,204,537. Pentair has a fifty-two week low of $22.01 and a fifty-two week high of $59.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 0.69. The business has a 50-day moving average of $55.78 and a 200-day moving average of $50.79. The firm has a market capitalization of $9.15 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, April 22nd. Pentair’s payout ratio is currently 33.61%.
In related news, Director T Michael Glenn sold 4,225 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $52.35, for a total transaction of $221,178.75. Following the transaction, the director now directly owns 25,088 shares of the company’s stock, valued at $1,313,356.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PNR. Great West Life Assurance Co. Can lifted its position in shares of Pentair by 11,223.5% during the third quarter. Great West Life Assurance Co. Can now owns 14,106,764 shares of the industrial products company’s stock valued at $8,595,000 after purchasing an additional 13,982,185 shares in the last quarter. Ninety One UK Ltd bought a new stake in Pentair in the third quarter worth about $96,099,000. Victory Capital Management Inc. bought a new stake in Pentair in the third quarter worth about $45,704,000. Robeco Institutional Asset Management B.V. raised its position in Pentair by 918.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,093,726 shares of the industrial products company’s stock worth $58,067,000 after acquiring an additional 986,317 shares during the period. Finally, Nordea Investment Management AB raised its position in Pentair by 29.6% in the fourth quarter. Nordea Investment Management AB now owns 3,336,303 shares of the industrial products company’s stock worth $177,124,000 after acquiring an additional 761,328 shares during the period. 80.25% of the stock is currently owned by institutional investors.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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