Pentair (PNR) Scheduled to Post Quarterly Earnings on Tuesday

Pentair (NYSE:PNR) is scheduled to release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Pentair to post earnings of $0.90 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business 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 Price Performance

PNR opened at $80.34 on Tuesday. Pentair has a fifty-two week low of $51.38 and a fifty-two week high of $85.81. The firm has a 50-day moving average of $79.63 and a 200 day moving average of $71.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The firm has a market cap of $13.34 billion, a P/E ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.20.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s payout ratio is 24.53%.

Institutional Investors Weigh In On Pentair

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec bought a new stake in Pentair during the first quarter valued at approximately $49,000. Ancora Advisors LLC purchased a new stake in shares of Pentair during the 1st quarter valued at $56,000. UniSuper Management Pty Ltd bought a new stake in shares of Pentair during the 2nd quarter worth $78,000. Belpointe Asset Management LLC grew its position in Pentair by 248.5% in the first quarter. Belpointe Asset Management LLC now owns 1,882 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Pentair by 25.2% in the third quarter. Lazard Asset Management LLC now owns 2,272 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PNR. UBS Group upped their price objective on Pentair from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Barclays increased their price target on Pentair from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus boosted their price objective on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Bank of America raised shares of Pentair from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $46.00 to $76.00 in a report on Thursday, January 11th. Finally, StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

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.