Pentair (NYSE:PNR) Issues Quarterly Earnings Results

Pentair (NYSE:PNR) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08, Briefing.com reports. Pentair had a return on equity of 20.77% and a net margin of 16.05%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.

Pentair Price Performance

Pentair stock traded up $1.96 during midday trading on Thursday, reaching $85.76. The company had a trading volume of 693,786 shares, compared to its average volume of 1,636,769. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. Pentair has a 12-month low of $57.18 and a 12-month high of $88.47. The company has a market capitalization of $14.24 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.51 and a beta of 1.21. The firm’s fifty day simple moving average is $79.28 and its 200-day simple moving average is $78.51.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a $0.23 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Pentair’s dividend payout ratio (DPR) is 24.47%.

Insider Buying and Selling

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the sale, the chief executive officer now directly owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on PNR. Citigroup lifted their price objective on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Stifel Nicolaus raised their price objective on shares of Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Finally, Barclays raised their target price on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

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.