Pentair plc (NYSE:PNR – Free Report) – Analysts at Zacks Research reduced their FY2028 earnings estimates for shares of Pentair in a research report issued to clients and investors on Friday, June 26th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $6.30 for the year, down from their prior estimate of $6.31. The consensus estimate for Pentair’s current full-year earnings is $5.35 per share.
Other equities research analysts have also issued reports about the stock. Seaport Research Partners cut their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Citigroup dropped their target price on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Bank of America dropped their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Wall Street Zen lowered Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Pentair has a consensus rating of “Hold” and a consensus target price of $107.86.
Pentair Stock Performance
NYSE PNR opened at $76.30 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. Pentair has a twelve month low of $69.93 and a twelve month high of $113.95. The business has a 50-day moving average price of $76.92 and a 200-day moving average price of $90.70. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05.
Pentair (NYSE:PNR – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.11 EPS. The company’s revenue was up 2.6% on a year-over-year basis.
Hedge Funds Weigh In On Pentair
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its position in shares of Pentair by 7.1% during the 1st quarter. Empowered Funds LLC now owns 6,506 shares of the industrial products company’s stock valued at $567,000 after buying an additional 434 shares in the last quarter. Groupama Asset Managment increased its stake in Pentair by 60.1% during the first quarter. Groupama Asset Managment now owns 6,220 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 2,334 shares during the last quarter. FinArc Investments Inc. purchased a new stake in Pentair during the first quarter valued at approximately $2,523,000. Amundi lifted its stake in shares of Pentair by 13.1% in the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock valued at $369,208,000 after purchasing an additional 491,758 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of Pentair by 16.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,332 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 4,374 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
Pentair Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. Pentair’s dividend payout ratio is presently 26.47%.
About Pentair
Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.
Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.
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