Pentair Stock Price, News & Analysis

Pentair plc (NYSE: PNR) has appointed Adrian Chiu as Executive Vice President, Chief Transformation Officer, effective March 1, 2021. Reporting to CEO John Stauch, Chiu aims to enhance sales performance and support strategic growth initiatives. With nearly a decade at Pentair, Chiu has played a crucial role in the company’s restructuring, including the 2018 split from nVent Electric. In 2020, Pentair generated $3 billion in revenue, serving customers in over 150 countries through sustainable water solutions.

Pentair plc (NYSE: PNR) has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on May 7, 2021. Shareholders must be on record by the close of business on April 23, 2021. This dividend represents the 45th consecutive year of increases, reflecting Pentair's commitment to returning value to its shareholders. In 2020, the company reported revenue of $3 billion, highlighting its strong market presence with approximately 9,750 employees serving customers globally.

Pentair plc (NYSE: PNR) reported fourth quarter 2020 sales of $796 million, a 5% increase year-over-year. Adjusted earnings per share (EPS) rose to $0.70 from $0.68 in the same quarter of 2019. Operating income slightly declined by 1% to $122 million, with a 15.3% return on sales (ROS), down 90 basis points from the previous year. The company anticipates 2021 EPS guidance between $2.43 to $2.58 and expects sales growth of 3% to 5%. Pentair also increased its quarterly dividend by 5%, marking its 45th consecutive year of dividend growth.

Pentair plc (NYSE:PNR) is set to release its fourth quarter and full year results on January 28, 2021, before the NYSE opens. Following this announcement, a conference call with investors will occur at 9:00 a.m. EST. Investors can access related presentation materials on the company’s website prior to the call. Pentair, specializing in water solutions, generated $3 billion in revenue in 2019 and operates in 25 countries with about 9,500 employees. The company emphasizes sustainable water management.

Pentair plc (NYSE:PNR) has appointed Karla Robertson as Chief Social Responsibility Officer (CSRO), alongside her current roles. Under the guidance of the Board, she will lead Pentair’s social responsibility efforts, focusing on Environmental, Social, and Governance (ESG) goals. The company aims to integrate ESG into its operations and set measurable targets. Key areas of focus include reducing greenhouse gas emissions, enhancing employee engagement, and aligning with shareholder interests. Pentair reported a revenue of $3 billion in 2019 and operates in 25 countries.

Pentair plc (NYSE: PNR) has finalized its acquisition of Be the Change Labs, Inc. (Rocean), enhancing its portfolio of sustainable water solutions. Rocean's smart filtration technology aims to reduce single-use plastic usage in homes and businesses. This strategic move is expected to bolster Pentair's offerings in residential and commercial water treatment, driving innovation and sustainability. Notably, Rocean's product was recognized by TIME as a “Best Invention of 2020.” Pentair reported $3 billion in revenue in 2019, reflecting its substantial market presence.

Pentair plc (NYSE: PNR) announced the appointment of Gregory Knight to its board of directors, effective January 1, 2021. Knight brings significant experience from his previous roles, including Executive Vice President at CenterPoint Energy and Chief Customer Officer at National Grid US. His expertise in customer care, digital transformation, and operations is expected to benefit Pentair and its shareholders. In 2019, Pentair recorded revenue of $3 billion and operates globally with about 9,500 employees.

Pentair plc (NYSE: PNR) announced a quarterly cash dividend of $0.20 per share, reflecting a 5% increase from the previous rate of $0.19. This marks the 45th consecutive year of dividend growth. Additionally, the Board of Directors authorized a new share repurchase program allowing up to $750 million in buybacks, effective immediately until December 31, 2025. Pentair aims to use operational cash flow for these repurchases, enhancing shareholder value and demonstrating confidence in the company's future.

Pentair (NYSE: PNR) has launched the FreshPoint Easy Flow Under Counter Filtration System, designed for easy installation and efficient water filtration. The system offers filtered water straight from existing taps for up to a year with a single filter, reducing reliance on bottled water and promoting sustainability. The filtration system minimizes installation hassles, reduces contaminants like lead, and features a filter life indicator. It comes with a one-year warranty and is rated for 3,000 gallons. Pentair's 2019 revenue was $3 billion.