Pentair plc Forecasted to Post Q4 2024 Earnings of $1.00 Per Share (NYSE:PNR)

Pentair plc (NYSE:PNR) – Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Pentair in a note issued to investors on Tuesday, July 23rd. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will earn $1.00 per share for the quarter, down from their prior estimate of $1.01. The consensus estimate for Pentair’s current full-year earnings is $4.25 per share. Seaport Res Ptn also issued estimates for Pentair’s Q1 2025 earnings at $1.02 EPS and Q4 2025 earnings at $1.15 EPS.

PNR has been the topic of a number of other research reports. UBS Group increased their price target on Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their target price on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their target price on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group increased their target price on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $92.87.

Pentair Trading Down 3.9 %

Shares of Pentair stock opened at $83.80 on Thursday. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $88.47. The firm has a market cap of $13.91 billion, a PE ratio of 22.29, a P/E/G ratio of 1.51 and a beta of 1.21. The business’s fifty day moving average is $79.28 and its two-hundred day moving average is $78.51. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.77% and a net margin of 16.05%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $1.03 EPS. Pentair’s revenue was up 1.6% on a year-over-year basis.

Hedge Funds Weigh In On Pentair

A number of hedge funds have recently bought and sold shares of PNR. Lindbrook Capital LLC grew its stake in Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Pentair in the second quarter worth about $25,000. Quent Capital LLC grew its stake in Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Family Firm Inc. acquired a new position in Pentair in the second quarter worth about $48,000. Finally, Rational Advisors LLC grew its stake in Pentair by 200.0% in the first quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 422 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. Pentair’s dividend payout ratio is presently 24.47%.

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.