Quarterly Dividend of $0.23 Announced by Pentair (PNR)
Pentair (NYSE:PNR) declared a quarterly dividend on Tuesday, January 15th. Investors of record on Friday, January 25th will be given a dividend of $0.23 per share on Friday, February 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%.
Several analysts have also recently commented on the stock. Analysts at JPMorgan Chase downgraded shares of Pentair to an “underweight” rating in a research note to investors on Thursday, December 20th. On the ratings front, analysts at MKM Partners raised their price target on shares of Pentair from $54.00 to $57.00 in a research note to investors on Tuesday, December 4th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their EPS on shares of Pentair in a research note to investors on Thursday, November 29th. They now have a “market perform” rating and a $50.00 price target on the stock.
Seven analysts have rated the stock with a buy rating, and eight have given a hold rating to the stock. Pentair presently has an average rating of “overweight” and an average price target of $48.08.
Pentair (PNR) traded down 0.06% on Tuesday, hitting $50.31. Pentair (PNR) has a 1-year low of $36.04 and a 1-year high of $50.96. The stock’s 50-day moving average is currently $48.76.
Pentair last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $865.51 million for the quarter, compared to the consensus estimate of $900.42 million. Pentair’s revenue was down 2.8% compared to the same quarter last year. Pentair has set its Q4 guidance at $0.40-0.45 EPS. Analysts expect that Pentair (PNR) will post $2.41 EPS for the current fiscal year.
Pentair, Inc. (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products.
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