Pentair plc (NYSE:PNR) – Equities researchers at Oppenheimer upped their Q3 2021 earnings per share (EPS) estimates for shares of Pentair in a research note issued to investors on Monday, June 7th. Oppenheimer analyst B. Blair now forecasts that the industrial products company will post earnings of $0.70 per share for the quarter, up from their previous forecast of $0.67. Oppenheimer also issued estimates for Pentair’s FY2021 earnings at $3.00 EPS and FY2022 earnings at $3.35 EPS.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Thursday, April 22nd. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.20. Pentair had a return on equity of 22.54% and a net margin of 13.06%. The company had revenue of $865.90 million during the quarter, compared to analysts’ expectations of $773.01 million. During the same period in the prior year, the company earned $0.52 EPS. Pentair’s revenue was up 22.0% compared to the same quarter last year.
Shares of PNR opened at $67.29 on Wednesday. Pentair has a 52 week low of $35.61 and a 52 week high of $70.76. The company has a market cap of $11.18 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18. The company has a quick ratio of 0.95, a current ratio of 1.47 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $66.15.
Hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Pentair during the 1st quarter worth about $37,000. Harbour Investments Inc. bought a new position in Pentair in the 1st quarter valued at about $42,000. Lazard Asset Management LLC bought a new position in Pentair in the 4th quarter valued at about $43,000. Tompkins Financial Corp bought a new position in Pentair in the 4th quarter valued at about $48,000. Finally, Van ECK Associates Corp bought a new position in Pentair in the 4th quarter valued at about $59,000. 81.51% of the stock is currently owned by institutional investors.
In other Pentair news, EVP John H. Jacko sold 30,979 shares of the stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $69.51, for a total transaction of $2,153,350.29. Following the completion of the sale, the executive vice president now directly owns 10,790 shares in the company, valued at approximately $750,012.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 6th. Shareholders of record on Friday, July 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Pentair’s payout ratio is currently 32.00%.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.
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