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

Pentair plc (NYSE:PNR) – Equities researchers at Seaport Res Ptn increased their Q4 2024 earnings estimates for Pentair in a research report issued to clients and investors on Wednesday, September 25th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $1.02 per share for the quarter, up from their prior forecast 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 research firms have also weighed in on PNR. The Goldman Sachs Group upped their price target on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Stifel Nicolaus increased their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Barclays increased their price objective on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Pentair has an average rating of “Moderate Buy” and an average target price of $92.87.

Pentair Stock Performance

Shares of NYSE PNR opened at $96.99 on Monday. The firm has a 50 day moving average of $87.61 and a 200 day moving average of $82.92. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. Pentair has a 12-month low of $57.18 and a 12-month high of $98.23.

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

Pentair Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC increased its position in Pentair by 74.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,809 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 774 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Pentair by 82.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 77,500 shares of the industrial products company’s stock worth $5,942,000 after purchasing an additional 34,932 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Pentair during the 2nd quarter worth approximately $67,000. Sanctuary Advisors LLC purchased a new position in Pentair during the 2nd quarter worth approximately $473,000. Finally, Cetera Investment Advisers raised its position in Pentair by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 54,855 shares of the industrial products company’s stock worth $4,206,000 after buying an additional 4,202 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

About Pentair

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.