Zacks Research Issues Negative Outlook for Pentair Earnings

by · The Markets Daily

Pentair plc (NYSE:PNR – Free Report) – Zacks Research cut their FY2028 EPS estimates for shares of Pentair in a research report issued on Friday, June 26th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $6.30 for the year, down from their previous estimate of $6.31. The consensus estimate for Pentair’s current full-year earnings is $5.35 per share.

Several other brokerages also recently weighed in on PNR. Wall Street Zen downgraded Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. TD Cowen dropped their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a report on Wednesday, April 29th. Robert W. Baird set a $110.00 price objective on Pentair in a research report on Wednesday, April 29th. Royal Bank Of Canada decreased their target price on Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Barclays lowered their target price on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.86.

Read Our Latest Report on PNR

Pentair Stock Down 0.2%

Shares of NYSE:PNR opened at $76.30 on Tuesday. Pentair has a 1 year low of $69.93 and a 1 year high of $113.95. The business has a 50 day simple moving average of $76.92 and a two-hundred day simple moving average of $90.70. The firm has a market capitalization of $12.33 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19.

Pentair (NYSE:PNR – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $1.11 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.4%. Pentair’s dividend payout ratio is 26.47%.

Institutional Investors Weigh In On Pentair

Institutional investors and hedge funds have recently bought and sold shares of the company. Avanza Fonder AB increased its position in Pentair by 142.1% during the 4th quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after purchasing an additional 22,858 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Pentair by 13.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock worth $274,810,000 after purchasing an additional 305,166 shares during the period. Nordea Investment Management AB boosted its stake in shares of Pentair by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after purchasing an additional 647,162 shares in the last quarter. SG Americas Securities LLC increased its holdings in Pentair by 624.2% during the fourth quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after buying an additional 312,574 shares during the period. Finally, Hudson Bay Capital Management LP increased its holdings in Pentair by 38.2% during the third quarter. Hudson Bay Capital Management LP now owns 132,134 shares of the industrial products company’s stock valued at $14,635,000 after buying an additional 36,498 shares during the period. 92.37% of the stock is owned by institutional investors.

Pentair Company Profile

(Get Free Report)

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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