Pentair (NYSE:PNR) Releases FY 2022 Earnings Guidance

Pentair (NYSE:PNRGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $3.70-$3.75 for the period, compared to the consensus EPS estimate of $3.71. The company issued revenue guidance of $4.07 billion-$4.14 billion, compared to the consensus revenue estimate of $4.12 billion. Pentair also updated its Q3 2022 guidance to $0.93-$0.95 EPS.

Analyst Ratings Changes

PNR has been the topic of a number of analyst reports. Cowen lowered their price objective on shares of Pentair from $75.00 to $65.00 in a research report on Wednesday, July 27th. Mizuho decreased their target price on shares of Pentair from $54.00 to $48.00 in a research report on Monday, July 18th. The Goldman Sachs Group cut their price target on Pentair from $89.00 to $77.00 and set a buy rating for the company in a research note on Wednesday, April 13th. Cowen cut their price target on Pentair from $75.00 to $65.00 in a research note on Wednesday, July 27th. Finally, Barclays raised Pentair from an underweight rating to an equal weight rating and set a $50.00 price target for the company in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Pentair presently has a consensus rating of Hold and a consensus price target of $64.92.

Pentair Stock Down 0.4 %

NYSE PNR traded down $0.20 on Friday, reaching $49.10. The company had a trading volume of 1,025,214 shares, compared to its average volume of 1,602,597. The firm has a market capitalization of $8.07 billion, a PE ratio of 14.57, a P/E/G ratio of 1.39 and a beta of 1.10. Pentair has a 1 year low of $43.60 and a 1 year high of $80.40. The firm has a 50-day moving average of $47.40 and a 200-day moving average of $52.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.38 and a quick ratio of 0.73.

Pentair (NYSE:PNRGet Rating) last announced its earnings results on Tuesday, July 26th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Pentair had a return on equity of 24.60% and a net margin of 13.99%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.84 EPS. Pentair’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that Pentair will post 3.71 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 22nd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, July 21st. Pentair’s payout ratio is 24.93%.

Hedge Funds Weigh In On Pentair

Institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new stake in shares of Pentair during the 1st quarter valued at approximately $56,000. First Republic Investment Management Inc. acquired a new stake in shares of Pentair during the 1st quarter valued at approximately $203,000. Lumature Wealth Partners LLC acquired a new stake in shares of Pentair during the 1st quarter valued at approximately $213,000. Mackenzie Financial Corp raised its position in shares of Pentair by 25.7% during the 1st quarter. Mackenzie Financial Corp now owns 4,223 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 863 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Pentair by 25.0% during the 1st quarter. Federated Hermes Inc. now owns 4,577 shares of the industrial products company’s stock valued at $249,000 after acquiring an additional 916 shares in the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.

About Pentair

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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.

Further Reading

Earnings History and Estimates for Pentair (NYSE:PNR)

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