Wall Street analysts predict that Pentair PLC. (NYSE:PNR) will post $1.23 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Pentair PLC.’s earnings. The highest sales estimate is $1.23 billion and the lowest is $1.22 billion. Pentair PLC. posted sales of $1.21 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Pentair PLC. will report full year sales of $1.23 billion for the current year, with estimates ranging from $4.87 billion to $4.95 billion. For the next year, analysts forecast that the company will post sales of $5.05 billion per share, with estimates ranging from $4.99 billion to $5.15 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Pentair PLC..

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share.

PNR has been the subject of several analyst reports. BidaskClub cut shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, June 6th. Wolfe Research initiated coverage on shares of Pentair PLC. in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $61.00 target price on shares of Pentair PLC. in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Pentair PLC. presently has an average rating of “Hold” and a consensus target price of $67.23.

Shares of Pentair PLC. (NYSE PNR) opened at 64.60 on Friday. The stock has a 50 day moving average of $62.27 and a 200-day moving average of $63.72. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a market capitalization of $11.72 billion, a PE ratio of 19.02 and a beta of 1.40.

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Institutional investors have recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. grew its holdings in shares of Pentair PLC. by 10.3% during the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock worth $1,791,000 after buying an additional 2,665 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Pentair PLC. by 4.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after buying an additional 2,100 shares in the last quarter. Swiss National Bank grew its holdings in shares of Pentair PLC. by 2.8% during the second quarter. Swiss National Bank now owns 629,157 shares of the industrial products company’s stock worth $41,864,000 after buying an additional 17,400 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Pentair PLC. by 736.2% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock worth $8,557,000 after buying an additional 120,000 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Pentair PLC. by 1,577.2% during the first quarter. BlackRock Inc. now owns 11,564,179 shares of the industrial products company’s stock worth $726,001,000 after buying an additional 10,874,699 shares in the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.

About Pentair PLC.

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

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Earnings History and Estimates for Pentair PLC. (NYSE:PNR)

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