Pentair plc to Issue Quarterly Dividend of $0.25 (NYSE:PNR)

Pentair plc (NYSE:PNR) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Friday, April 18th will be given a dividend of 0.25 per share by the industrial products company on Friday, May 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, April 17th.

Pentair has raised its dividend payment by an average of 5.1% per year over the last three years. Pentair has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pentair to earn $5.27 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.0%.

Pentair Stock Up 0.7 %

PNR stock opened at $82.74 on Tuesday. The firm’s 50-day moving average is $89.22 and its two-hundred day moving average is $97.67. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair has a 52 week low of $72.63 and a 52 week high of $110.71.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the firm posted $0.87 earnings per share. Pentair’s revenue was down 1.2% compared to the same quarter last year. On average, analysts forecast that Pentair will post 4.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of research reports. Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Baird R W raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Citigroup cut their price objective on Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Barclays decreased their target price on Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.87.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.