Pentair (PNR) to Release Earnings on Tuesday

Pentair (NYSE:PNR) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Pentair Stock Performance

Shares of NYSE PNR opened at $102.33 on Tuesday. Pentair has a 12-month low of $71.40 and a 12-month high of $110.71. The firm has a 50 day moving average of $104.04 and a 200 day moving average of $96.19. 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 firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.98%. Pentair’s payout ratio is 23.00%.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on PNR. Wolfe Research initiated coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. TD Cowen raised their price objective on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup dropped their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, UBS Group raised their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.07.

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.