Pentair (NYSE:PNR) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Pentair (NYSE:PNR) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06, Zacks reports. Pentair had a return on equity of 20.48% and a net margin of 16.29%. During the same quarter in the previous year, the firm posted $0.87 EPS.

Pentair Price Performance

Shares of NYSE PNR opened at $102.53 on Tuesday. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.65 and a beta of 1.20. The business has a 50-day moving average of $103.73 and a 200-day moving average of $96.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair has a fifty-two week low of $72.03 and a fifty-two week high of $110.71.

Pentair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.25 dividend. 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 annualized dividend and a dividend yield of 0.98%. Pentair’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

PNR has been the topic of a number of research analyst reports. Barclays lifted their price target on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Wolfe Research assumed coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Citigroup reduced their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.07.

About Pentair

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.