Q3 2024 EPS Estimates for Pentair plc Lowered by Zacks Research (NYSE:PNR)

Pentair plc (NYSE:PNR) – Research analysts at Zacks Research cut their Q3 2024 EPS estimates for shares of Pentair in a note issued to investors on Friday, May 3rd. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $1.08 for the quarter, down from their prior forecast of $1.10. The consensus estimate for Pentair’s current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Pentair’s Q4 2024 earnings at $1.03 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $4.58 EPS and Q1 2026 earnings at $1.25 EPS.

Several other equities research analysts have also issued reports on PNR. Stifel Nicolaus lifted their price objective on shares of Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. KeyCorp lifted their price objective on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Citigroup lifted their price objective on shares of Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada lifted their price objective on shares of Pentair from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, BNP Paribas initiated coverage on shares of Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Pentair presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.93.

Pentair Stock Up 1.4 %

PNR stock opened at $83.02 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. Pentair has a 1 year low of $55.26 and a 1 year high of $85.81. The company has a fifty day simple moving average of $81.12 and a 200 day simple moving average of $72.93. The firm has a market cap of $13.78 billion, a PE ratio of 22.08, a PEG ratio of 1.37 and a beta of 1.24.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. Pentair’s payout ratio is 24.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Advisors LLC increased its holdings in shares of Pentair by 4.5% during the 1st quarter. Inspire Advisors LLC now owns 9,337 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 406 shares during the period. Forsta AP Fonden increased its holdings in shares of Pentair by 186.5% during the 1st quarter. Forsta AP Fonden now owns 116,900 shares of the industrial products company’s stock worth $9,988,000 after purchasing an additional 76,100 shares during the period. SG Americas Securities LLC increased its holdings in shares of Pentair by 360.6% during the 1st quarter. SG Americas Securities LLC now owns 601,171 shares of the industrial products company’s stock worth $51,364,000 after purchasing an additional 470,662 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Pentair by 12.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 52,013 shares of the industrial products company’s stock valued at $4,444,000 after acquiring an additional 5,633 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Pentair by 20.8% in the first quarter. Daiwa Securities Group Inc. now owns 38,987 shares of the industrial products company’s stock valued at $3,331,000 after acquiring an additional 6,711 shares during the period. Institutional investors own 92.37% of the company’s stock.

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.