Pentair Ltd. (PNR) Announces Dividend of $0.25
Pentair (NYSE:PNR) declared a dividend on Thursday, January 9th, Analyst Ratings Net reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.25 per share on Friday, February 7th. The ex-dividend date of this dividend is Wednesday, January 22nd.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Pentair from $55.00 to $65.00 in a research note to investors on Tuesday, December 31st. They now have a “market perform” rating on the stock. On a related note, analysts at Canaccord Genuity raised their price target on shares of Pentair from $65.00 to $75.00 in a research note to investors on Wednesday, December 18th. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Pentair from $80.00 to $82.00 in a research note to investors on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $75.57.
Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.86. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company posted $0.64 earnings per share. Pentair’s revenue was up 110.8% compared to the same quarter last year.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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