Pentair (NYSE:PNR – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08, Briefing.com reports. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS.
Pentair Stock Up 2.8 %
Shares of PNR traded up $2.39 during midday trading on Friday, hitting $88.50. The company had a trading volume of 1,736,455 shares, compared to its average volume of 1,654,663. The company’s 50 day moving average price is $79.33 and its 200 day moving average price is $78.56. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.44 and a beta of 1.21. Pentair has a 52 week low of $57.18 and a 52 week high of $88.96. The company has a quick ratio of 1.17, a current ratio of 1.65 and a debt-to-equity ratio of 0.51.
Pentair Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, July 19th. Pentair’s payout ratio is currently 24.47%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Pentair
Insider Transactions at Pentair
In other news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the sale, the chief executive officer now owns 38,538 shares of the company’s stock, valued at approximately $3,254,534.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.
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.
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