Pentair plc (NYSE:PNR – Get Free Report) announced a quarterly dividend on Monday, September 21st. Shareholders of record on Friday, October 23rd will be given a dividend of $0.27 per share by the industrial products company on Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, October 23rd.
Pentair has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Pentair has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pentair to earn $5.14 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 21.0%.
Pentair Stock Up 0.2%
Shares of NYSE:PNR opened at $52.84 on Wednesday. The company has a 50 day moving average price of $57.52 and a two-hundred day moving average price of $69.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The company has a market capitalization of $8.44 billion, a PE ratio of 13.28, a PEG ratio of 1.35 and a beta of 1.04. Pentair has a 52 week low of $51.13 and a 52 week high of $111.94.
Pentair (NYSE:PNR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company had revenue of $932.60 million during the quarter, compared to the consensus estimate of $943.24 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. Analysts forecast that Pentair will post 4.64 earnings per share for the current year.
Pentair Company Profile
Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.
The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.
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