Pentair plc (PNR) To Go Ex-Dividend on October 18th

Pentair plc (NYSE:PNR) declared a quarterly dividend on Monday, September 23rd, Zacks reports. Investors of record on Friday, October 18th will be paid a dividend of 0.23 per share by the industrial products company on Friday, November 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th.

Pentair has increased its dividend by an average of 5.0% annually over the last three years. Pentair has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pentair to earn $4.83 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 19.0%.

Pentair Trading Down 0.3 %

Shares of PNR stock opened at $98.49 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The stock has a market capitalization of $16.35 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The company has a 50 day moving average price of $90.39 and a 200 day moving average price of $84.09. Pentair has a fifty-two week low of $57.18 and a fifty-two week high of $99.57.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities research analysts predict that Pentair will post 4.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PNR has been the subject of a number of recent research reports. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Oppenheimer lifted their price target on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $94.33.

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.