Pentair plc (NYSE:PNR) Plans $0.25 Quarterly Dividend

Pentair plc (NYSE:PNR) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders 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 is Thursday, April 17th.

Pentair has raised its dividend payment by an average of 5.1% annually over the last three years. Pentair has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.7 %

Shares of Pentair stock traded up $0.65 during trading on Tuesday, reaching $93.27. The company’s stock had a trading volume of 1,774,862 shares, compared to its average volume of 1,369,830. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.87 and a beta of 1.20. The firm’s 50-day moving average is $100.24 and its two-hundred day moving average is $98.28. Pentair has a 52-week low of $72.63 and a 52-week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. Pentair’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. On average, sell-side analysts anticipate that Pentair will post 4.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on PNR. Citigroup lowered their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Wolfe Research began coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Finally, Robert W. Baird lifted their price objective on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock 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.