Pentair plc (PNR) To Go Ex-Dividend on April 17th

Pentair plc (NYSE:PNR) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Friday, April 18th will be paid a dividend of 0.25 per share by the industrial products company on Friday, May 2nd. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, April 17th.

Pentair has raised its dividend by an average of 5.1% per year over the last three years. Pentair has a dividend payout ratio of 18.9% indicating that 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 Price Performance

Shares of PNR opened at $93.22 on Thursday. The firm’s 50 day moving average price is $99.84 and its 200 day moving average price is $98.30. The firm has a market cap of $15.40 billion, a PE ratio of 24.93, a PEG ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair has a twelve month low of $72.63 and a twelve month high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. Pentair’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. As a group, research analysts expect that Pentair will post 4.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird boosted their target price on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Citigroup reduced their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Oppenheimer boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

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.