Pentair Ltd. Declares Quarterly Dividend of $0.25 (PNR)
Pentair (NYSE:PNR) announced a quarterly dividend on Thursday, October 10th, AnalystRatings.Net reports. Stockholders of record on Friday, October 25th will be paid a dividend of $0.25 per share on Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%.
A number of analysts have recently weighed in on PNR shares. Analysts at Wedbush raised their price target on shares of Pentair from $65.00 to $70.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. On a related note, analysts at Sanford C. Bernstein raised their price target on shares of Pentair from $65.00 to $77.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Pentair in a research note to investors on Monday, August 5th. They set an “overweight” rating and a $62.53 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Pentair has a consensus rating of “Buy” and an average target price of $64.50.
Pentair (NYSE:PNR) opened at 64.81 on Thursday. Pentair has a 52 week low of $40.30 and a 52 week high of $66.56. The stock’s 50-day moving average is $63.67 and its 200-day moving average is $58.99. The company’s market cap is $12.907 billion.
Pentair (NYSE:PNR) last announced its earnings results on Tuesday, July 23rd. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $0.83 earnings per share. Pentair’s revenue was up 108.5% compared to the same quarter last year. Analysts expect that Pentair will post $3.21 EPS for the current fiscal year.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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