Pentair plc (PNR) to Issue Quarterly Dividend of $0.27 on August 7th

Pentair plc (NYSE:PNR) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, July 24th will be paid a dividend of 0.27 per share by the industrial products company on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, July 24th.

Pentair has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Pentair has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pentair to earn $5.54 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 19.5%.

Pentair Price Performance

Shares of PNR stock opened at $61.55 on Wednesday. Pentair has a 12-month low of $57.60 and a 12-month high of $113.95. The firm has a fifty day moving average of $73.02 and a 200-day moving average of $86.96. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.Pentair’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. On average, equities research analysts forecast that Pentair will post 4.8 earnings per share for the current year.

Institutional Trading of Pentair

A number of large investors have recently bought and sold shares of PNR. Moors & Cabot Inc. lifted its position in Pentair by 0.9% during the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after buying an additional 100 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Pentair by 1.2% in the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 105 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Pentair by 0.3% during the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock valued at $3,915,000 after purchasing an additional 107 shares during the last quarter. Finally, Plan A Wealth LLC boosted its holdings in Pentair by 6.0% in the fourth quarter. Plan A Wealth LLC now owns 2,009 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 113 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.