Pentair (NYSE:PNR) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.33-2.33 for the period, compared to the Thomson Reuters consensus estimate of $2.31. The company issued revenue guidance of $2.96-2.96 billion, compared to the consensus revenue estimate of $2.94 billion.Pentair also updated its Q4 2018 guidance to $0.59-0.59 EPS.
NYSE PNR opened at $38.04 on Tuesday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. Pentair has a 52 week low of $38.03 and a 52 week high of $50.25. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.
Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The business had revenue of $780.60 million for the quarter, compared to the consensus estimate of $786.63 million. Pentair had a net margin of 10.12% and a return on equity of 15.19%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, analysts anticipate that Pentair will post 2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 19.83%.
A number of brokerages have recently issued reports on PNR. Zacks Investment Research raised shares of Pentair from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Monday, July 30th. Seaport Global Securities reissued a buy rating and issued a $48.00 price target on shares of Pentair in a report on Friday, July 27th. Stifel Nicolaus increased their price target on shares of Pentair from $44.00 to $45.00 and gave the stock a hold rating in a report on Monday, October 8th. Royal Bank of Canada reissued a hold rating and issued a $48.00 price target on shares of Pentair in a report on Friday, July 13th. Finally, Robert W. Baird reissued a hold rating and issued a $44.00 price target on shares of Pentair in a report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $56.00.
In related news, Director Trian Fund Management, L.P. sold 1,700,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $42.15, for a total value of $71,655,000.00. Following the transaction, the director now directly owns 2,862 shares in the company, valued at $120,633.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glynis Bryan sold 17,133 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $770,985.00. Following the completion of the transaction, the director now owns 35,115 shares in the company, valued at $1,580,175. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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