Fri, Feb. 13, 6:34 AM
- Firm cuts Pentair (NYSE:PNR) to Neutral from Overweight.
- Cuts price target to $64 from $68. Implied downside 2.7%.
- PNR is -11% since reporting Q4 earnings on Feb. 3.
- Previously: Pentair beats by $0.03, misses on revenue (Feb. 3)
- Previously: More on Pentair's Q4 (Feb. 3)
- Related: Pentair - A Good Stock To Hold For Big Profits (Feb. 4)
- Related: Pentair's CEO Randy Hogan on Q4 2014 Results - Earnings Call Transcript (Feb. 3)
Tue, Feb. 3, 9:12 AM
- Net income from continuing operations of $196.6M, or $1.06 per diluted share, up 23% from adjusted EPS of $0.86 in the fourth quarter of last year.
- Free cash flow of $289M for the quarter and $889M for the full year; which represented greater than 120% conversion of adjusted net income for the full year.
- Revenue by segment: Valves & Controls -6%; Process Technologies +2%; Flow Technologies -6%; Technical Solutions +3%.
- The company updated its full year 2015 EPS outlook to a range of $4.10-$4.25 from a range of $4.20-$4.35 and anticipates full year 2015 sales of $6.9B. First quarter 2015 EPS is expected to be $0.75-$0.77 on revenues of $1.6B.
- Q4 results
- PNR +0.3% premarket
Tue, Feb. 3, 7:12 AM
Mon, Feb. 2, 5:30 PM
Mon, Jan. 12, 7:39 AM
Mon, Jan. 12, 7:13 AM
Dec. 17, 2014, 7:35 AM
- Pentair (NYSE:PNR) expects adjusted EPS of $4.20-$4.35 for FY2015 on sales of $7.2B, and expects to generate greater than $925M in free cash flow or greater than 115% of net income in 2015.
- The company also reaffirmed its Q4 adjusted EPS of $1.02-$1.04 and FY2014 sales and earnings outlook.
- PNR -0.9% premarket
Dec. 10, 2014, 7:47 AM
- Pentair's (NYSE:PNR) Board of Directors has approved a 16% increase in the company's regular annual cash dividend rate for 2015 (from $1.10/share in 2014 to $1.28/share).
- The board also authorized the company to repurchase up to $1B of its common shares. The authorization is effective immediately and expires on December 31, 2019.
- PNR -0.9% premarket
Dec. 1, 2014, 5:49 PM
- General Electric (NYSE:GE) was the day's biggest loser among the Dow 30, as J.P. Morgan analysts Stephen Tusa and Rajat Gupta include GE among among industrial companies confronted with big risks through their exposure to oil drilling.
- "The game has changed," the analysts say in now seeing a spread in EPS growth between those that have material exposure to energy and those that do not to a range of ~800 bps; regarding GE, JPM drops oil/gas growth to -2% from +5% and power/water growth to zero from +3% on the back of distributed power weakness, which it pegs at mid-single digit declines for two years, along with the onset of a decline in gas turbines.
- The firm also downgrades Dover (NYSE:DOV) to Underweight, reaffirms its Underweight on Rockwell Automation (NYSE:ROK), and continues to avoid Emerson Electric (NYSE:EMR), SPX Corp. (NYSE:SPW) and GE; it still likes a few with oil/gas exposure, such as Pentair (NYSE:PNR) given ongoing execution/margin potential, and Honeywell (NYSE:HON), given less direct impact and a strong balance sheet story.
Nov. 20, 2014, 7:58 AM
Oct. 21, 2014, 8:44 AM
Oct. 20, 2014, 5:30 PM
Oct. 2, 2014, 7:28 AM
Jul. 31, 2014, 10:12 AM
- Net income of $161.5 vs. $154.1 a year ago.
- Net sales decreased slightly to $1.91B from $1.96B in the prior year.
- Free cash flow of $384M in the quarter leads Pentair to expect full year free cash flow greater than 110% of net income.
- The company updates 2014 adjusted EPS guidance to a range of $3.65-$3.70 from a range of $3.85-$4.00 partly due to the board of director's decision to exit Pentair's water transport business in Australia.
- Q2 earnings
Jul. 31, 2014, 8:57 AM
Apr. 22, 2014, 7:28 AM
PNR vs. ETF Alternatives
Pentair PLC is a diversified industrial manufacturing company. The Company delivers industry products, services and solutions to its customers' diverse needs in water and other fluids, thermal management and equipment protection.
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