Pentair plc (NYSE:PNR) Expected to Earn FY2024 Earnings of $4.27 Per Share

Pentair plc (NYSE:PNR) – Seaport Res Ptn raised their FY2024 EPS 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 per share of $4.27 for the year, up from their prior forecast of $4.25. The consensus estimate for Pentair’s current full-year earnings is $4.25 per share. Seaport Res Ptn also issued estimates for Pentair’s Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.17 EPS and FY2025 earnings at $4.81 EPS.

A number of other analysts also recently issued reports on PNR. Barclays increased their target price on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp raised their target price on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Performance

Pentair stock opened at $97.53 on Friday. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. Pentair has a 12 month low of $57.18 and a 12 month 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. The stock’s 50-day moving average is $87.25 and its 200-day moving average is $82.80.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis.

Hedge Funds Weigh In On Pentair

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in Pentair by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,956 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 121 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Pentair by 3.9% in the 2nd quarter. Wedmont Private Capital now owns 3,403 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 128 shares during the last quarter. Fifth Third Bancorp boosted its position in Pentair by 3.8% during the 2nd quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 129 shares during the period. Retirement Systems of Alabama grew its stake in Pentair by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 36,624 shares of the industrial products company’s stock worth $2,808,000 after buying an additional 139 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in Pentair by 4.1% in the first quarter. First Trust Direct Indexing L.P. now owns 3,558 shares of the industrial products company’s stock worth $304,000 after buying an additional 140 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.94%. Pentair’s dividend payout ratio is presently 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.