Posted by admin on Aug 19th, 2022

Pentair plc (NYSE:PNR – Get Rating) – Analysts at Oppenheimer issued their Q1 2023 earnings estimates for shares of Pentair in a note issued to investors on Tuesday, August 16th. Oppenheimer analyst B. Blair expects that the industrial products company will earn $0.82 per share for the quarter. The consensus estimate for Pentair’s current full-year earnings is $3.71 per share. Oppenheimer also issued estimates for Pentair’s Q1 2023 earnings at $0.82 EPS, Q2 2023 earnings at $1.04 EPS, Q2 2023 earnings at $1.04 EPS and Q4 2023 earnings at $1.00 EPS.

PNR has been the topic of a number of other research reports. Cowen cut their price target on shares of Pentair from $75.00 to $65.00 in a report on Wednesday, July 27th. Morgan Stanley decreased their target price on shares of Pentair from $49.00 to $41.00 and set an “underweight” rating on the stock in a research report on Friday, July 15th. Stifel Nicolaus reduced their price target on shares of Pentair from $57.00 to $47.00 in a research report on Wednesday, July 20th. Royal Bank of Canada boosted their price target on shares of Pentair from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, April 22nd. Finally, Mizuho reduced their target price on shares of Pentair from $54.00 to $48.00 in a research report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Pentair currently has a consensus rating of “Hold” and an average price target of $64.92.

Pentair stock opened at $50.40 on Thursday. The company has a 50 day moving average price of $47.35 and a 200 day moving average price of $51.83. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.43 and a beta of 1.10. Pentair has a 52 week low of $43.60 and a 52 week high of $80.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.38.

Pentair (NYSE:PNR – Get Rating) last released its earnings results on Tuesday, July 26th. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. Pentair had a net margin of 13.99% and a return on equity of 24.60%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Pentair by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 18,837,080 shares of the industrial products company’s stock valued at $1,021,158,000 after acquiring an additional 85,431 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Pentair by 1.0% in the 1st quarter. BlackRock Inc. now owns 15,173,582 shares of the industrial products company’s stock worth $822,559,000 after buying an additional 155,618 shares during the last quarter. State Street Corp boosted its holdings in shares of Pentair by 15.5% in the 2nd quarter. State Street Corp now owns 10,168,937 shares of the industrial products company’s stock worth $465,432,000 after buying an additional 1,366,650 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Pentair by 10.7% in the 4th quarter. Impax Asset Management Group plc now owns 10,057,875 shares of the industrial products company’s stock worth $734,526,000 after buying an additional 971,852 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Pentair by 8.2% during the first quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company’s stock valued at $344,045,000 after purchasing an additional 479,701 shares during the last quarter. Institutional investors own 94.70% of the company’s stock.

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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