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Pentair PLC (PNR.N)

PNR.N on New York Stock Exchange

43.88USD
18 Jun 2018
Change (% chg)

$0.02 (+0.05%)
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Latest Key Developments (Source: Significant Developments)

Trian Fund Management reports 8.79 pct stake in Nvent Electric as of April 30 - SEC Filing
Thursday, 10 May 2018 

May 9 (Reuters) - :TRIAN FUND MANAGEMENT REPORTS AN 8.79 PERCENT STAKE IN NVENT ELECTRIC AS OF APRIL 30 - SEC FILING.TRIAN FUND MANAGEMENT SAYS GOT SHARES OF NVENT, INCLUDING SHARES UNDERLYING PUT/CALLS OPTIONS & DIRECTOR OPTIONS, IN CONNECTION WITH SEPARATION FROM PENTAIR.TRIAN FUND MANAGEMENT SAYS UPON COMPLETION OF THE SEPARATION WITH PENTAIR, BRIAN BALDWIN, A PARTNER AND SENIOR ANALYST AT TRIAN, JOINED BOARD OF NVENT.  Full Article

REG-Pentair Announces Long-Term Goals And Reaffirms Guidance
Tuesday, 8 May 2018 

May 8 (Reuters) - Pentair PLC ::REG-PENTAIR ANNOUNCES LONG-TERM GOALS, SHARE REPURCHASE PROGRAM, AND REAFFIRMS GUIDANCE.SEES Q2 SALES ABOUT $790 MILLION.SEES FY 2018 SALES ABOUT $2.96 BILLION.REAFFIRMS Q2 2018 GAAP EARNINGS PER SHARE VIEW $0.44 TO $0.46 FROM CONTINUING OPERATIONS.REAFFIRMS FY 2018 GAAP EARNINGS PER SHARE VIEW $1.75 TO $1.80 FROM CONTINUING OPERATIONS.BOARD OF DIRECTORS HAS AUTHORIZED IT TO REPURCHASE UP TO $750 MILLION OF PENTAIR SHARES.NEW AUTHORIZATION REPLACES PRIOR AUTHORIZATION UNDER WHICH $450 MILLION REMAINED AVAILABLE FOR SHARE REPURCHASES AS OF MARCH 31, 2018.SEES LONG-TERM CORE SALES GROWTH OF 2 TO 4 PERCENT PER YEAR.SEES LONG-TERM BASE ADJUSTED EARNINGS PER SHARE GROWTH OF 8 TO 10 PERCENT PER YEAR.SEES LONG-TERM SEGMENT INCOME GROWTH OF 6 TO 8 PERCENT PER YEAR.  Full Article

Pentair PLC Reports Q1 Adjusted Earnings Per Share $0.88
Thursday, 19 Apr 2018 

April 19 (Reuters) - Pentair PLC ::REG- PENTAIR REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.88.Q1 EARNINGS PER SHARE $0.58 FROM CONTINUING OPERATIONS.SEES Q2 SALES ABOUT $790 MILLION.Q1 SALES $1.3 BILLION VERSUS I/B/E/S VIEW $1.25 BILLION.Q1 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.SEES Q2 2018 GAAP EARNINGS PER SHARE $0.44 TO $0.46 FROM CONTINUING OPERATIONS.SEES FY 2018 GAAP EARNINGS PER SHARE $1.75 TO $1.80 FROM CONTINUING OPERATIONS.SEES FY 2018 SALES $2.96 BILLION.SEES FY 2018 SALES UP 3 TO 4 PERCENT.IS TARGETING TO DELIVER FULL YEAR FREE CASH FLOW OF APPROXIMATELY 100 PERCENT OF ADJUSTED NET INCOME.NVENT ELECTRIC PLC, ELECTRICAL BUSINESS THAT IS EXPECTED TO BE SPUN OFF ON APRIL 30, 2018, PROVIDED 2018 GUIDANCE.FULL YEAR AND Q2 2018 OUTLOOK REFLECTS ANTICIPATED SEPARATION OF ELECTRICAL BUSINESS ON APRIL 30, 2018.NVENT PROVIDES 2018 GAAP EPS GUIDANCE AT A RANGE OF $1.38 TO $1.48 AND, ON AN ADJUSTED BASIS, AT A RANGE OF $1.70 TO $1.80.NVENT INTRODUCES Q2 2018 GAAP EPS GUIDANCE OF $0.33 TO $0.36 AND, ON AN ADJUSTED EPS BASIS, OF $0.41 TO $0.44.SEES 2018 ADJUSTED EPS OF $2.25 TO $2.30.SEES Q2 ADJUSTED EPS OF $0.67 TO $0.69.SEES Q2 2018 GAAP EARNINGS PER SHARE $0.33 TO $0.36 FOR NVENT.SEES Q2 SALES UP 3 TO 5 PERCENT FOR NVENT.  Full Article

Pentair Board Of Directors Approves Separation Of nVent
Tuesday, 3 Apr 2018 

April 4 (Reuters) - Pentair plc ::PENTAIR BOARD OF DIRECTORS APPROVES SEPARATION OF NVENT.NVENT ELECTRIC SHARES EXPECTED TO BEGIN TRADING ON NYSE MAY 1, 2018.NVENT ORDINARY SHARES EXPECTED TO BEGIN TRADING ON NYSE UNDER SYMBOL "NVT".  Full Article

Pentair Says Nvent Finance Entered Into Credit Agreement ​
Monday, 26 Mar 2018 

March 26 (Reuters) - Pentair Plc ::PENTAIR - ‍ NVENT FINANCE ENTERED INTO CREDIT AGREEMENT FOR A FIVE-YEAR $200.0 MILLION TERM LOAN FACILITY AND A FIVE-YEAR $600.0 MILLION SENIOR CREDIT FACILITY​.PENTAIR SAYS ‍NVENT FINANCE WILL HAVE OPTION TO REQUEST TO INCREASE REVOLVING CREDIT FACILITY BY UP TO $300.0 MILLION- SEC FILING​.PENTAIR PLC - ‍NVENT EXPECTS THAT NVENT FINANCE WILL HAVE $200.0 MILLION OF BORROWINGS UNDER TERM LOAN FACILITY​.PENTAIR PLC - ‍NVENT EXPECTS THAT NVENT FINANCE WILL HAVE NO BORROWINGS UNDER REVOLVING CREDIT FACILITY AT TIME OF SEPARATION​.  Full Article

Pentair Announces Dividend Increase And Quarterly Cash Dividend
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Pentair Plc ::PENTAIR ANNOUNCES DIVIDEND INCREASE AND QUARTERLY CASH DIVIDEND.PENTAIR - BOARD APPROVED A 1 PERCENT INCREASE IN COMPANY'S REGULAR CASH DIVIDEND RATE, FROM $0.345 PER SHARE TO $0.35 PER SHARE.  Full Article

nVent files SEC form 10 for planned spin-off from Pentair
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Pentair Plc :Reg-nVent files SEC form 10 for planned spin-off from Pentair.Pentair Plc - ‍nVent Electric filed initial form 10 registration statement with U.S. Securities and Exchange Commission​.Pentair Plc - ‍Pentair's separation into two independent, publicly-traded companies remains on track to be completed in Q2 of 2018​.  Full Article

Pentair announces new electrical company nVent
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pentair PLC :Reg-Pentair announces new electrical company nVent.Pentair PLC - ‍stacy McMahan to be named nVent CFO, joining CEO Beth A. Wozniak's leadership team​.Pentair PLC - ‍Company's separation into two independent, publicly-traded companies remains on track to be completed in Q2 of 2018​.Pentair PLC - ‍McMahan previously served as CFO at Spectranetics Corporation​.  Full Article

Pentair reports Q3 GAAP earnings per share $0.69
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pentair PLC :Reg-Pentair reports third quarter 2017 results.Q3 adjusted earnings per share $0.95.Q3 earnings per share $0.69 from continuing operations.Q3 sales $1.2 billion versus I/B/E/S view $1.23 billion.Q3 earnings per share view $0.93 -- Thomson Reuters I/B/E/S.Sees FY 2017 GAAP earnings per share about $2.41.Sees Q4 2017 GAAP earnings per share about $0.82.Sees FY 2017 sales $4.9 billion.Q3 GAAP earnings per share $0.69.Sees Q4 revenue about $1.24 billion.Sees Q4 revenue up about 4 percent.FY2017 earnings per share view $3.51, revenue view $4.92 billion -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.93, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.PENTAIR PLC - sees ‍2017 adjusted EPS to be approximately $3.53​.  Full Article

Pentair Q3 adjusted earnings per share $0.78
Tuesday, 25 Oct 2016 

Pentair Plc : Q3 adjusted earnings per share $0.78 . Q3 earnings per share $0.64 from continuing operations . Updates its 2016 gaap eps guidance to approximately $2.50 and on an adjusted basis to approximately $3.00. . Sees fy 2016 sales $4.9 billion . Anticipates full year 2016 sales of $4.9 billion, or up about 7 percent on a reported basis and down approximately 1 percent on a core basis . Continues to expect to deliver full year free cash flow of approximately 100 percent of adjusted net income . "Remain on track for sale of our valves & controls business to be completed at end of this year or early next year" . Continues to expect to deliver full year free cash flow of approximately 100 percent of adjusted net income . Updating q4 guidance to reflect ongoing sluggish industrial environment; no longer expect to see typical end of year push on capital spending . Qtrly net sales $1,210.7 million versus $1,112.8 million . Q3 earnings per share view $0.72, revenue view $1.25 billion -- Thomson Reuters I/B/E/S .Fy2016 revenue view $5.07 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Reg-Pentair Announces Debt Tender Offer For Its 2.450% Senior Notes Due 2019

* REG-PENTAIR ANNOUNCES DEBT TENDER OFFER FOR ITS 2.450% SENIOR NOTES DUE 2019