Pentair plc (NYSE:PNR) to Post Q3 2024 Earnings of $1.08 Per Share, Seaport Res Ptn Forecasts

Pentair plc (NYSE:PNR) – Stock analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for Pentair in a research report issued to clients and investors on Tuesday, April 23rd. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings per share of $1.08 for the quarter, down from their prior forecast of $1.09. The consensus estimate for Pentair’s current full-year earnings is $4.21 per share. Seaport Res Ptn also issued estimates for Pentair’s Q4 2024 earnings at $1.04 EPS, Q1 2025 earnings at $1.11 EPS, Q3 2025 earnings at $1.19 EPS and Q4 2025 earnings at $1.14 EPS.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada lifted their price objective on Pentair from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup lifted their price objective on Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a report on Monday, April 8th. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.93.

Pentair Price Performance

Pentair stock opened at $79.96 on Friday. Pentair has a 1 year low of $53.88 and a 1 year high of $85.81. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.28 billion, a P/E ratio of 21.27, a PEG ratio of 1.50 and a beta of 1.20. The business has a 50-day moving average of $80.35 and a 200-day moving average of $71.89.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is presently 24.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Pentair by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock worth $1,287,364,000 after acquiring an additional 204,416 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Pentair by 1.3% during the 4th quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock worth $718,440,000 after acquiring an additional 131,745 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of Pentair during the 4th quarter worth approximately $173,280,000. Northern Trust Corp increased its holdings in shares of Pentair by 6.0% during the 3rd quarter. Northern Trust Corp now owns 1,724,390 shares of the industrial products company’s stock worth $111,654,000 after acquiring an additional 98,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Pentair by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company’s stock worth $100,179,000 after acquiring an additional 16,875 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

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.