Pentair Stock To Go Ex-dividend Tomorrow (PNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Pentair (NYSE: PNR) is tomorrow, October 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $37.04 as of 9:31 a.m. ET, the dividend yield is 2.2%.

The average volume for Pentair has been 885,900 shares per day over the past 30 days. Pentair has a market cap of $3.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 2.7% year to date as of the close of trading on Monday.

Pentair, Inc. operates as a diversified industrial manufacturing company worldwide. The company's Water segment offers products and systems for use in the movement, storage, treatment, and enjoyment of water. The company has a P/E ratio of 16.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pentair as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Pentair Ratings Report.

See our dividend calendar or top-yielding stocks list.

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