Pentair Inc. (PNR) - NYSE
  • Yesterday, 2:31 PM
    • Emerson Electric (EMR +0.2%) has made an offer to acquire pump manufacturer Pentair's (PNR +0.8%) valves and controls business, in a sale could be valued at ~$2B (£1.5B), Reuters reports.
    • Such a deal would free PNR from a unit that CEO Randy Hogan considers a laggard in generating cash, while allowing EMR to expand within its core sectors as it seeks to shed its network power and motors and drives businesses, according to the report.
    | Yesterday, 2:31 PM | 4 Comments
  • Fri, Jul. 1, 7:03 AM
    • June monthly performance was: +2.86%
    • AUM of $2.02B
    • 52-week performance vs. the S&P 500 is: +7%
    • $0.25 in dividends were paid in June
    • Top 10 Holdings as of 5/31/2016: S&P Global Inc (SPGI): 2.15464%, Archer-Daniels Midland Co (ADM): 2.15039%, Cincinnati Financial Corp (CINF): 2.13109%, McCormick & Co Inc Non-Voting (MKC): 2.10728%, C.R. Bard Inc (BCR): 2.10554%, Cintas Corp (CTAS): 2.10524%, Leggett & Platt Inc (LEG): 2.10068%, Lowe's Companies Inc (LOW): 2.09886%, Brown-Forman Corp Class B (BF.B): 2.09499%, Pentair PLC (PNR): 2.09495%
    | Fri, Jul. 1, 7:03 AM
  • Fri, Jun. 10, 3:47 PM
    • Pentair (PNR -1.3%) is upgraded to Buy from Neutral with a $70 price target, lifted from $59, at Seaport Global, which believes the worst margin performance is behind the company in its V&C segment.
    • The firm says it has increased confidence in management's forecast for a 50% reduction in decrementals in Q2 as "volumes increase seasonally and high-cost inventory is turned."
    • While expected Engineered Projects within V&C to remain challenged on the top line, Seaport says upside to its estimates is likely "if short-cycle spending re-accelerates, as we believe pent-up demand exists in the market, but timing remains uncertain."
    | Fri, Jun. 10, 3:47 PM
  • Thu, Jun. 2, 3:08 PM
    • Pentair (PNR +0.8%) is exploring a sale of its valves and controls business, a move that would largely unwind a merger deal it struck just four years ago, WSJ reports.
    • PNR is working with Citigroup on a potential sale of the unit, which could fetch more than $2B, according to the report.
    • The valves and controls business is PNR's largest but its Q1 sales fell 10% Y/Y and income plunged 54%, in part because of declining energy demand; the company has predicted an 8% Y/Y drop in full-year revenue for the unit.
    | Thu, Jun. 2, 3:08 PM
  • Mon, May 2, 7:58 AM
    • April monthly performance was: +0.8%
    • AUM of $65.8B
    • $0.21 in dividends were paid in April
    • Top 10 Holdings as of 3/31/2016: Nucor Corp (NUE): 2.38%, Emerson Electric Co (EMR): 2.24%, Illinois Tool Works Inc (ITW): 2.22%, W.W. Grainger Inc (GWW): 2.22%, Genuine Parts Co (GPC): 2.22%, Pentair PLC (PNR): 2.19%, Leggett & Platt Inc (LEG): 2.19%, McCormick & Co Inc Non-Voting (MKC): 2.17%, Air Products & Chemicals Inc (APD): 2.15%, Dover Corp (DOV): 2.15%
    | Mon, May 2, 7:58 AM
  • Tue, Apr. 26, 7:29 AM
    • Pentair (NYSE:PNR): Q1 EPS of $0.76 beats by $0.05.
    • Revenue of $1.58B (+6.8% Y/Y) beats by $20M.
    • Press Release
    | Tue, Apr. 26, 7:29 AM
  • Mon, Apr. 25, 5:30 PM
    | Mon, Apr. 25, 5:30 PM | 15 Comments
  • Tue, Feb. 2, 9:20 AM
    • Adjusted net income from continuing operations of $206.4M, or $1.13 per diluted share vs. $1.17 per share in the same quarter a year ago.
    • Sales by segment: Valves & Controls -22%; Flow & Filtration Solutions -8%; Water Quality Systems +4%; Technical Solutions +23%.
    • Free cash flow of $316M for the quarter and $643M for the full year; which represented approximately 90% conversion of adjusted net income for the full year.
    • Forecast for 1Q16; Adjusted EPS of $0.70-$0.72, on sales of $1.6B.
    • Guidance for 2016: Adjusted EPS of $4.05-$4.25, on sales of $6.6B.
    • Q4 results
    | Tue, Feb. 2, 9:20 AM
  • Tue, Feb. 2, 7:57 AM
    • Pentair (NYSE:PNR): Q4 EPS of $1.13 beats by $0.09.
    • Revenue of $1.76B (-2.2% Y/Y) beats by $10M.
    | Tue, Feb. 2, 7:57 AM | 3 Comments
  • Mon, Feb. 1, 5:30 PM
    | Mon, Feb. 1, 5:30 PM | 9 Comments
  • Dec. 17, 2015, 7:39 AM
    • Reaffirms 2015 adjusted EPS outlook of $3.84-$3.86. Anticipates 4Q15 adjusted EPS of $1.03-$1.05.
    • Expects full year 2016 adjusted EPS of $4.05-$4.25. At the mid-point of the range, core sales are expected to be down approximately 2% and segment income is expected to increase 10%. Free cash flow of greater than $750M is expected to be equal to or greater than adjusted net income.
    | Dec. 17, 2015, 7:39 AM
  • Nov. 20, 2015, 11:30 AM
    • Market growth remains challenging whether there is an industrial recession or not, so investors should focus on stocks with strong end markets, particularly Allegion (ALLE +0.3%) and Danaher (DHR +0.5%), Bernstein's Steven Winoker says.
    • Other stocks in a lower but still generally favorable tier include General Electric (GE +0.8%), Honeywell (HON +0.9%), Ingersoll-Rand (IR +0.9%) and 3M (MMM +0.7%), as these companies are exposed to favorable end markets but also to meaningfully weak markets, the analyst says.
    • Aside from their portfolio transformations, DHR and GE have benefited and should continue to benefit from their above-average growth profiles in the current low-growth environment, Winoker says.
    • Energy-heavy Dover (DOV +0.2%), Pentair (PNR +0.4%) and Emerson Electric (EMR +0.2%) remain the most challenged, according to Winoker, while Eaton (ETN +1.1%), Rockwell Automation (ROK +0.5%) and Tyco (TYC -0.2%) have a mix of tailwinds and headwinds, with the former more challenged on hydraulics/trucks and the latter two on energy.
    • Winoker sees limited downside for DOV, which is highly linked to crude oil prices but is performing well in the ~80% of its portfolio not linked to oil.
    • Earlier: Low expectations are no longer enough for multi-industry stocks, analyst says (Nov. 19)
    | Nov. 20, 2015, 11:30 AM | 3 Comments
  • Nov. 6, 2015, 7:28 AM
    • The company reaffirms its adjusted fourth quarter 2015 EPS guidance of $1.03-$1.05, and full year 2015 adjusted EPS outlook of a range of $3.84-$3.86.
    • The comments come ahead of Pentair's (NYSE:PNR) annual Investor and Analyst Day today in NYC.
    | Nov. 6, 2015, 7:28 AM
  • Oct. 20, 2015, 8:09 AM
    • Net income from continuing operations of $176.7M, or $0.97 per diluted share vs. $214M, or $1.02 per share, in the same quarter a year ago.
    • Sales by segment: Valves & Controls -28%; Flow & Filtration Solutions -8%; Water Quality Systems -1%; Technical Solutions -1%.
    • Free cash flow of $176M during the quarter. The company expects to deliver full year free cash flow equal to approximately 100% of adjusted net income.
    • Full year guidance: Updated adjusted EPS to a range of $3.84-$3.86 (previously $3.80-$3.90), on sales of $6.4B.
    • Q3 results
    | Oct. 20, 2015, 8:09 AM
  • Oct. 20, 2015, 7:17 AM
    • Pentair (NYSE:PNR): Q3 EPS of $0.97 beats by $0.02.
    • Revenue of $1.6B (-9.1% Y/Y) beats by $10M.
    | Oct. 20, 2015, 7:17 AM
  • Oct. 19, 2015, 5:30 PM
Company Description
Pentair Plc operates as global water, fluid, thermal management, and equipment protection partner with industry leading products, services, and solutions. It operates through four segments: Valves & Controls, Process Technologies, Flow Technologies and Technical Solutions. The Valves & Controls... More
Industry: Industrial Equipment & Components
Country: United States