Equities Analysts Set Expectations for Pentair PLC.’s Q3 2017 Earnings (PNR)

Pentair PLC. (NYSE:PNR) – Seaport Global Securities cut their Q3 2017 earnings per share (EPS) estimates for Pentair PLC. in a report issued on Tuesday. Seaport Global Securities analyst R. Cassil now expects that the industrial products company will post earnings of $0.92 per share for the quarter, down from their previous estimate of $0.93. Seaport Global Securities also issued estimates for Pentair PLC.’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $3.52 EPS, Q2 2018 earnings at $1.07 EPS, Q3 2018 earnings at $0.95 EPS and FY2018 earnings at $3.86 EPS.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share.

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Other analysts also recently issued research reports about the stock. BMO Capital Markets reissued a “hold” rating and issued a $61.00 price objective on shares of Pentair PLC. in a report on Wednesday, April 26th. KeyCorp raised shares of Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 price objective for the company in a report on Wednesday, May 17th. Jefferies Group LLC boosted their price objective on shares of Pentair PLC. from $58.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Pentair PLC. in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $66.86.

Pentair PLC. (NYSE:PNR) opened at 63.27 on Thursday. The company has a market cap of $11.53 billion, a PE ratio of 23.03 and a beta of 1.40. The firm’s 50-day moving average is $65.76 and its 200-day moving average is $62.91. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 21st will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, July 19th. Pentair PLC.’s dividend payout ratio (DPR) is currently 40.71%.

In other Pentair PLC. news, Director Edward P. Garden purchased 290,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $65.31 per share, for a total transaction of $18,939,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $65.25 per share, with a total value of $56,310,750.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,726,000 shares of company stock valued at $112,619,140 and sold 237,500 shares valued at $15,706,725. Corporate insiders own 9.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Mcrae Capital Management Inc. boosted its position in shares of Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock valued at $1,791,000 after buying an additional 2,665 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock valued at $2,932,000 after buying an additional 2,100 shares during the period. Addison Capital Co acquired a new position in shares of Pentair PLC. during the first quarter valued at about $540,000. UBS Asset Management Americas Inc. boosted its position in shares of Pentair PLC. by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,197,607 shares of the industrial products company’s stock valued at $67,149,000 after buying an additional 58,957 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Pentair PLC. by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 144,138 shares of the industrial products company’s stock valued at $9,049,000 after buying an additional 4,398 shares during the period. Hedge funds and other institutional investors own 86.28% of the company’s stock.

About Pentair PLC.

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.

Earnings History and Estimates for Pentair PLC. (NYSE:PNR)

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