Pentair plc (NYSE:PNR – Free Report) – Equities researchers at Zacks Research reduced their Q1 2024 EPS estimates for Pentair in a research report issued on Tuesday, April 16th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.90. The consensus estimate for Pentair’s current full-year earnings is $4.21 per share.
Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share.
Read Our Latest Research Report on PNR
Pentair Price Performance
Shares of PNR stock opened at $78.49 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. Pentair has a 12-month low of $51.38 and a 12-month high of $85.81. The firm has a fifty day moving average of $79.94 and a 200-day moving average of $71.35. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20.
Institutional Investors Weigh In On Pentair
A number of hedge funds and other institutional investors have recently modified their holdings of PNR. Nordea Investment Management AB increased its holdings in shares of Pentair by 191.8% during the fourth quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock worth $5,122,000 after buying an additional 46,290 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Pentair by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the period. Vest Financial LLC boosted its holdings in shares of Pentair by 31.7% during the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company’s stock worth $32,763,000 after buying an additional 108,560 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Pentair by 8.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,573 shares of the industrial products company’s stock valued at $25,299,000 after acquiring an additional 27,122 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of Pentair in the 3rd quarter valued at about $566,000. Institutional investors and hedge funds own 92.37% of the company’s stock.
Pentair Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s payout ratio is 24.53%.
About Pentair
Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.
Further Reading
- Five stocks we like better than Pentair
- Why Invest in 5G? How to Invest in 5G Stocks
- Comprehensive PepsiCo Stock Analysis
- How to Find Undervalued Stocks
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- ESG Stocks, What Investors Should Know
- 3 Steel Stocks Could Soar on New China Tariffs
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.