Seaport Res Ptn Research Analysts Lift Earnings Estimates for Pentair plc (NYSE:PNR)

Pentair plc (NYSE:PNR) – Research analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for Pentair in a note issued to investors on Wednesday, September 25th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings of $4.27 per share for the year, up from their previous forecast of $4.25. The consensus estimate for Pentair’s current full-year earnings is $4.25 per share. Seaport Res Ptn also issued estimates for Pentair’s Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.17 EPS and FY2025 earnings at $4.81 EPS.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis.

Several other research firms have also recently weighed in on PNR. Deutsche Bank Aktiengesellschaft boosted their price target on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Oppenheimer increased their target price on Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Down 0.6 %

PNR stock opened at $96.99 on Friday. Pentair has a 1-year low of $57.18 and a 1-year high of $98.23. The business has a fifty day moving average price of $87.61 and a 200-day moving average price of $82.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The stock has a market capitalization of $16.05 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.74 and a beta of 1.20.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s payout ratio is 24.47%.

Institutional Trading of Pentair

A number of hedge funds and other institutional investors have recently bought and sold shares of PNR. Opal Wealth Advisors LLC purchased a new stake in Pentair in the second quarter worth about $25,000. Crewe Advisors LLC grew its position in shares of Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Pentair during the second quarter worth about $48,000. LRI Investments LLC purchased a new stake in shares of Pentair during the first quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pentair during the second quarter worth about $67,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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.