Q4 2024 Earnings Forecast for Pentair plc Issued By Seaport Res Ptn (NYSE:PNR)

Pentair plc (NYSE:PNR) – Equities research analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for Pentair in a report issued on Wednesday, September 25th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings of $1.02 per share for the quarter, up from their previous estimate of $1.00. The consensus estimate for Pentair’s current full-year earnings is $4.25 per share. Seaport Res Ptn also issued estimates for Pentair’s Q1 2025 earnings at $1.04 EPS.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Oppenheimer upped their price target on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price target on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Barclays upped their price target on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

Pentair Stock Down 0.6 %

Shares of NYSE PNR opened at $96.99 on Monday. The stock has a market capitalization of $16.05 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a 50-day moving average price of $87.61 and a 200-day moving average price of $82.92. Pentair has a 1 year low of $57.18 and a 1 year high of $98.23. 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 (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year.

Hedge Funds Weigh In On Pentair

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Pentair in the 4th quarter worth $9,177,000. Corient Private Wealth LLC grew its holdings in Pentair by 8.4% in the 4th quarter. Corient Private Wealth LLC now owns 19,381 shares of the industrial products company’s stock worth $1,409,000 after acquiring an additional 1,503 shares during the last quarter. Franklin Resources Inc. grew its holdings in Pentair by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 50,947 shares of the industrial products company’s stock worth $3,704,000 after acquiring an additional 5,896 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Pentair by 112.0% in the 4th quarter. Hsbc Holdings PLC now owns 119,050 shares of the industrial products company’s stock worth $8,660,000 after acquiring an additional 62,900 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in Pentair by 4.9% in the 4th quarter. TD Asset Management Inc now owns 44,351 shares of the industrial products company’s stock worth $3,225,000 after acquiring an additional 2,090 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio is currently 24.47%.

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.