Pentair (NYSE:PNR) Announces Earnings Results

Pentair (NYSE:PNR) announced its earnings results on Tuesday. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06, Zacks reports. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis.

Pentair Stock Up 0.5 %

Shares of NYSE PNR opened at $98.78 on Thursday. The business has a 50-day simple moving average of $103.31 and a two-hundred day simple moving average of $97.11. Pentair has a 52 week low of $72.30 and a 52 week high of $110.71. The company has a market cap of $16.32 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.65 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on PNR shares. UBS Group increased their price objective on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer lifted their price target on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho upped their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. 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. Finally, Wolfe Research began coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

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.