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

Pentair plc (NYSE:PNR) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.25 per share by the industrial products company on Friday, February 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23.

Pentair has raised its dividend payment by an average of 4.8% per year over the last three years. Pentair has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Pentair to earn $4.87 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 20.5%.

Pentair Price Performance

Shares of PNR opened at $105.34 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair has a 1-year low of $70.59 and a 1-year high of $110.71. The stock has a market cap of $17.40 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. The firm has a fifty day moving average price of $104.24 and a 200 day moving average price of $95.42.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts anticipate that Pentair will post 4.28 EPS for the current year.

Insider Transactions at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

PNR has been the subject of a number of research reports. Mizuho boosted their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Oppenheimer raised their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, TD Cowen raised their price target on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.13.

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.