Pentair plc. (NYSE:PNR) Given Price Target Of $62.983


As per Pentair plc. (NYSE:PNR)’s news release on 2016-05-12, its shareholders will get cash dividend of $0.33 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-22 and 2016-08-05, respectively.

The stock will commence trading ex-dividend from 2016-07-20, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Pentair plc. (NYSE:PNR) disbursed $0.33 in dividend compared to distribution of $0.33, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 16.3636%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Pentair plc. (NYSE:PNR) to attain a price target of $62.983. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $72. The low price range is set at $49 for next year while the arithmetic mean is seen at 2.65.

Eyeing Earnings Pentair plc. (NYSE:PNR) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.79 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Pentair plc. (NYSE:PNR) earnings came at $1.11 suggesting a deviation of $0.01. The brokerages targeted EPS of $1.1 for the quarter.

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