Pentair (NYSE:PNR) Updates Q4 2024 Earnings Guidance

Pentair (NYSE:PNR) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $965.0 million-$975.0 million, compared to the consensus revenue estimate of $989.2 million. Pentair also updated its FY 2024 guidance to 4.270-4.270 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNR. KeyCorp lifted their target price on shares of Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Oppenheimer boosted their price target on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.93.

Pentair Stock Performance

Shares of PNR stock opened at $98.36 on Tuesday. The firm’s 50 day moving average price is $91.67 and its 200-day moving average price is $84.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. Pentair has a one year low of $57.18 and a one year high of $99.95. The firm has a market cap of $16.33 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.77 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Pentair will post 4.26 EPS for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

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.