Pentair plc (NYSE:PNR) Plans Quarterly Dividend of $0.27

Pentair plc (NYSE:PNR) declared a quarterly dividend on Monday, September 21st. Stockholders 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 c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 23rd.

Pentair has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Pentair has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Pentair to earn $5.09 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 21.2%.

Pentair Stock Performance

Shares of PNR opened at $55.78 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.43 and a beta of 1.02. The stock has a 50 day moving average of $62.93 and a 200 day moving average of $74.61. Pentair has a 12 month low of $55.27 and a 12 month high of $113.95.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $932.60 million for the quarter, compared to analyst estimates of $943.24 million. Pentair had a return on equity of 20.62% and a net margin of 16.24%.Pentair’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, sell-side 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 fluid-management company that develops products and solutions for residential, commercial, industrial and municipal applications. Its offerings are designed to help move, filter, treat and manage water, with an emphasis on water quality, efficiency and sustainability.

The company’s products include pool and spa pumps, filters, heaters, automation systems and related equipment; water softening and filtration systems; and pumps, valves, controls and other fluid-management products.