Pentair plc (NYSE:PNR - Free Report) - KeyCorp issued their Q4 2024 earnings estimates for shares of Pentair in a research report issued to clients and investors on Sunday, January 5th. KeyCorp analyst J. Hammond forecasts that the industrial products company will earn $1.01 per share for the quarter. KeyCorp has a "Sector Weight" rating and a $115.00 price objective on the stock. The consensus estimate for Pentair's current full-year earnings is $4.28 per share.
Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. Pentair's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share.
A number of other research analysts also recently issued reports on PNR. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 target price on the stock. Finally, TD Cowen boosted their price target on shares of Pentair from $95.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $109.38.
Check Out Our Latest Research Report on PNR
Pentair Trading Up 0.7 %
Shares of Pentair stock traded up $0.73 on Wednesday, hitting $99.41. 919,798 shares of the company's stock traded hands, compared to its average volume of 967,380. The company has a fifty day moving average of $104.41 and a two-hundred day moving average of $93.62. Pentair has a one year low of $68.69 and a one year high of $110.71. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.
Hedge Funds Weigh In On Pentair
Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC grew its stake in Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after buying an additional 258,134 shares in the last quarter. Geode Capital Management LLC raised its holdings in Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock valued at $389,800,000 after acquiring an additional 19,853 shares during the period. Millennium Management LLC lifted its position in shares of Pentair by 0.7% during the second quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company's stock worth $225,779,000 after acquiring an additional 20,946 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Pentair by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company's stock worth $209,132,000 after acquiring an additional 53,787 shares during the period. 92.37% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
Pentair Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Pentair's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. Pentair's dividend payout ratio (DPR) is presently 25.00%.
Pentair Company Profile
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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.
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