KeyCorp Comments on Pentair’s Q4 Earnings (NYSE:PNR)

Pentair plc (NYSE:PNR) – Research analysts at KeyCorp issued their Q4 2024 earnings per share (EPS) estimates for Pentair in a report issued on Sunday, January 5th. KeyCorp analyst J. Hammond anticipates that the industrial products company will post earnings per share of $1.01 for the quarter. KeyCorp has a “Sector Weight” rating and a $115.00 price objective on the stock. The consensus estimate for Pentair’s current full-year earnings is $4.28 per share.

Several other brokerages also recently commented on PNR. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Pentair from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. Wolfe Research assumed coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.38.

Pentair Trading Up 0.7 %

NYSE PNR opened at $99.41 on Wednesday. The stock’s fifty day moving average price is $104.42 and its 200-day moving average price is $93.70. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market cap of $16.43 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.91 and a beta of 1.21. Pentair has a 12 month low of $68.69 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 EPS.

Institutional Investors Weigh In On Pentair

Several institutional investors have recently made changes to their positions in the company. Quarry LP increased its position in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares in the last quarter. Blue Trust Inc. boosted its stake in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the last quarter. True Wealth Design LLC boosted its holdings in Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Pentair in the 2nd quarter valued at $67,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Pentair by 59.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock worth $69,000 after buying an additional 262 shares during the period. Institutional investors own 92.37% of the company’s stock.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.01%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is presently 25.00%.

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.