Zacks: Analysts Expect Pentair PLC. (PNR) Will Announce Quarterly Sales of $1.24 Billion

Wall Street analysts expect Pentair PLC. (NYSE:PNR) to post sales of $1.24 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Pentair’s earnings, with estimates ranging from $1.22 billion to $1.25 billion. Pentair reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, January 30th.

According to Zacks, analysts expect that Pentair will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $4.88 billion to $4.93 billion. For the next fiscal year, analysts expect that the business will post sales of $5.09 billion per share, with estimates ranging from $5.03 billion to $5.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pentair.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 1.3% on a year-over-year basis.

Several analysts have issued reports on PNR shares. Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “sell” rating in a research note on Tuesday, December 26th. TheStreet downgraded shares of Pentair from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. KeyCorp reissued a “buy” rating and set a $77.00 target price on shares of Pentair in a research note on Thursday, October 12th. BMO Capital Markets boosted their target price on shares of Pentair from $78.00 to $79.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird boosted their target price on shares of Pentair from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Pentair presently has an average rating of “Hold” and an average target price of $70.91.

Shares of Pentair (PNR) opened at $73.98 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. Pentair has a one year low of $57.44 and a one year high of $74.84. The stock has a market cap of $13,434.55, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be paid a $0.35 dividend. The ex-dividend date is Thursday, January 25th. This is an increase from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. Pentair’s dividend payout ratio is 41.82%.

In other Pentair news, CFO John L. Stauch sold 2,392 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $70.30, for a total transaction of $168,157.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. bought 384,571 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of $68.41 per share, for a total transaction of $26,308,502.11. Following the completion of the transaction, the director now directly owns 1,122 shares of the company’s stock, valued at $76,756.02. The disclosure for this purchase can be found here. Insiders sold 214,824 shares of company stock worth $14,603,044 over the last ninety days. 9.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Addison Capital Co increased its position in Pentair by 12.8% during the fourth quarter. Addison Capital Co now owns 10,203 shares of the industrial products company’s stock worth $721,000 after buying an additional 1,160 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in Pentair during the fourth quarter worth $308,000. State of Alaska Department of Revenue increased its position in Pentair by 76.7% during the fourth quarter. State of Alaska Department of Revenue now owns 26,290 shares of the industrial products company’s stock worth $1,854,000 after buying an additional 11,412 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Pentair by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 623,455 shares of the industrial products company’s stock worth $44,029,000 after buying an additional 6,267 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Pentair by 36.7% during the fourth quarter. Bank of Montreal Can now owns 85,307 shares of the industrial products company’s stock worth $6,023,000 after buying an additional 22,918 shares during the last quarter. 84.39% of the stock is currently owned by hedge funds and other institutional investors.

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About Pentair

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

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