FY2024 EPS Estimates for Pentair Raised by Seaport Res Ptn

Pentair plc (NYSE:PNR) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for shares of Pentair in a research note issued to investors on Tuesday, October 22nd. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings per share of $4.28 for the year, up from their prior forecast of $4.27. The consensus estimate for Pentair’s current full-year earnings is $4.27 per share. Seaport Res Ptn also issued estimates for Pentair’s Q1 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.25 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.86 EPS, Q1 2026 earnings at $1.18 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.37 EPS and FY2026 earnings at $5.34 EPS.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year.

A number of other analysts also recently issued reports on the company. The Goldman Sachs Group lifted their price target on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp upped their price target on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. UBS Group upped their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Pentair from $101.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.80.

Pentair Price Performance

Pentair stock opened at $98.96 on Thursday. The stock has a market cap of $16.43 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20. The company has a fifty day simple moving average of $92.82 and a 200-day simple moving average of $84.94. The company has a current ratio of 1.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. Pentair has a 12-month low of $57.40 and a 12-month high of $101.00.

Institutional Investors Weigh In On Pentair

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Pentair in the 2nd quarter valued at $25,000. Crewe Advisors LLC raised its holdings in Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. acquired a new stake in Pentair in the second quarter valued at about $48,000. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Pentair during the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. Pentair’s dividend payout ratio (DPR) is currently 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.