What is KeyCorp’s Forecast for Pentair Q4 Earnings?

Pentair plc (NYSE:PNR) – Research analysts at KeyCorp issued their Q4 2024 earnings per share estimates for shares of Pentair in a report issued on Sunday, January 5th. KeyCorp analyst J. Hammond forecasts that the industrial products company will post earnings per share of $1.01 for the quarter. KeyCorp currently has a “Sector Weight” rating and a $115.00 target price on the stock. The consensus estimate for Pentair’s current full-year earnings is $4.28 per share.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of other brokerages have also recently commented on PNR. JPMorgan Chase & Co. upped their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Pentair from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus increased their target price on Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Seven research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $109.38.

Pentair Price Performance

Shares of NYSE PNR opened at $98.62 on Wednesday. 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 stock has a fifty day simple moving average of $104.41 and a two-hundred day simple moving average of $93.62. Pentair has a 1-year low of $68.63 and a 1-year high of $110.71. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

Hedge Funds Weigh In On Pentair

Several institutional investors have recently modified their holdings of the company. Quarry LP grew its position in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Pentair by 4,450.0% during the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Pentair by 59.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 262 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Pentair in the third quarter worth $71,000. 92.37% of the stock is currently owned by institutional investors.

Insider Transactions at Pentair

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

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 given a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is 25.00%.

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.