Q4 Earnings Estimate for Pentair Issued By KeyCorp

Pentair plc (NYSE:PNR) – KeyCorp issued their Q4 2024 EPS estimates for Pentair in a report issued on Sunday, January 5th. KeyCorp analyst J. Hammond expects that the industrial products company will post earnings of $1.01 per share for the quarter. KeyCorp currently has a “Sector Weight” rating and a $115.00 price target on the stock. The consensus estimate for Pentair’s current full-year earnings is $4.28 per share.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price on the stock. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Mizuho lifted their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.38.

Pentair Trading Down 0.9 %

PNR opened at $98.62 on Wednesday. Pentair has a one year low of $68.63 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The business has a 50 day simple moving average of $104.41 and a two-hundred day simple moving average of $93.62. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.91 and a beta of 1.21.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm 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%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share.

Hedge Funds Weigh In On Pentair

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. boosted its stake in Pentair by 10.7% during the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after buying an additional 636 shares during the period. Algert Global LLC bought a new stake in shares of Pentair in the 3rd quarter worth about $479,000. FMR LLC boosted its stake in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares during the period. Pathstone Holdings LLC grew its holdings in Pentair by 47.4% during the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Pentair by 69.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,002 shares of the industrial products company’s stock worth $2,445,000 after purchasing an additional 10,284 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Pentair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is 25.00%.

Pentair Company Profile

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.