Pentair (NYSE:PNR) Announces Quarterly Earnings Results

Pentair (NYSE:PNR) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02, Briefing.com reports. The company had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share.

Pentair Stock Performance

PNR traded down $0.70 during trading on Wednesday, hitting $97.62. 232,001 shares of the stock were exchanged, compared to its average volume of 1,554,898. The firm has a market capitalization of $16.16 billion, a P/E ratio of 24.89, a PEG ratio of 1.78 and a beta of 1.20. Pentair has a 1-year low of $57.18 and a 1-year high of $99.96. The stock has a fifty day moving average price of $91.94 and a two-hundred day moving average price of $84.63. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 23.29%.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, KeyCorp boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $97.27.

Pentair Company Profile

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.