Pentair Stock To Go Ex-dividend Tomorrow (PNR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Pentair (NYSE: PNR) is tomorrow, October 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $41.51 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Pentair has been 3.8 million shares per day over the past 30 days. Pentair has a market cap of $8.92 billion and is part of the industrial goods sector and industrial industry. Shares are up 27.9% year to date as of the close of trading on Monday.

Pentair, Inc. operates as a diversified industrial manufacturing company worldwide. The company has a P/E ratio of 86.9, above 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 revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Pentair Ratings Report.

See our dividend calendar or top-yielding stocks list.

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