Pentair (NYSE:PNR) Announces Quarterly Earnings Results

Pentair (NYSE:PNR) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02, Briefing.com reports. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the prior year, the business posted $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Pentair Price Performance

NYSE PNR traded down $0.97 during trading hours on Wednesday, reaching $97.35. The company’s stock had a trading volume of 369,511 shares, compared to its average volume of 1,555,363. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.78 and a beta of 1.20. The company’s 50-day moving average is $91.94 and its two-hundred day moving average is $84.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. Pentair has a 1-year low of $57.18 and a 1-year high of $99.96.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 23.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PNR shares. Stifel Nicolaus upped their target price on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. KeyCorp lifted their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Mizuho raised 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.27.

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.