Wall Street brokerages expect Pentair PLC (NYSE:PNR) to post $791.70 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Pentair’s earnings. The highest sales estimate is $800.60 million and the lowest is $787.63 million. Pentair posted sales of $780.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Pentair will report full-year sales of $3.01 billion for the current year, with estimates ranging from $2.99 billion to $3.04 billion. For the next year, analysts expect that the business will report sales of $3.13 billion, with estimates ranging from $3.11 billion to $3.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Pentair.
Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 17th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The business had revenue of $689.90 million during the quarter, compared to the consensus estimate of $795.82 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year.
In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the transaction, the senior vice president now owns 2,763 shares in the company, valued at $124,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Pentair by 2.4% in the first quarter. BlackRock Inc. now owns 13,456,447 shares of the industrial products company’s stock valued at $598,946,000 after purchasing an additional 317,599 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Pentair by 2.5% during the first quarter. Clearbridge Investments LLC now owns 4,251,011 shares of the industrial products company’s stock worth $189,213,000 after acquiring an additional 102,888 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Pentair by 73.9% during the fourth quarter. Impax Asset Management Group plc now owns 3,386,199 shares of the industrial products company’s stock worth $127,931,000 after acquiring an additional 1,438,974 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Pentair by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,636,336 shares of the industrial products company’s stock worth $99,599,000 after acquiring an additional 74,511 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Pentair by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,522,995 shares of the industrial products company’s stock worth $95,180,000 after acquiring an additional 33,519 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.
Shares of NYSE:PNR traded up $0.18 on Wednesday, hitting $35.80. 29,870 shares of the company’s stock were exchanged, compared to its average volume of 1,592,046. Pentair has a 12 month low of $34.72 and a 12 month high of $45.99. The company has a market capitalization of $6.12 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. The stock’s 50 day simple moving average is $36.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. Pentair’s payout ratio is currently 30.64%.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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