Pentair (PNR) Set to Announce Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Pentair to post earnings of $0.90 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $984.60 million for the quarter, compared to analyst estimates of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, analysts expect Pentair to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pentair Stock Performance

Pentair stock opened at $78.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. Pentair has a 12 month low of $51.38 and a 12 month high of $85.81. The company has a fifty day moving average price of $80.02 and a two-hundred day moving average price of $71.51. The company has a market cap of $13.04 billion, a PE ratio of 20.94, a P/E/G ratio of 1.50 and a beta of 1.20.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued 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 dividend payout ratio (DPR) is presently 24.53%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PNR shares. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, April 15th. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price objective on shares of Pentair in a research report on Friday, March 22nd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS Group boosted their price target on shares of Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $88.00 price objective (up previously from $82.00) on shares of Pentair in a report on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

Institutional Investors Weigh In On Pentair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Pentair by 10.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock worth $885,000 after buying an additional 1,554 shares in the last quarter. HighTower Advisors LLC raised its position in Pentair by 54.2% in the first quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock worth $879,000 after acquiring an additional 5,692 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Pentair by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock worth $1,200,000 after acquiring an additional 1,371 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Pentair by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after acquiring an additional 322 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Pentair by 17.3% during the 1st quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 2,098 shares in the last quarter. 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.