Pentair plc (NYSE:PNR) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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Pentair plc (NYSE:PNR) is an American company known for its expertise in water treatment technologies. While it operates primarily from the United States, the company is incorporated in Ireland and holds its tax residency in the United Kingdom.
On October 15, JPMorgan lifted its price target for Pentair plc (NYSE:PNR) from $116 to $126 and maintained an Overweight rating as part of its Q3 earnings preview for the electrical equipment and multi-industry sector. The firm noted a slightly cautious stance toward the sector in the near term but added that current valuations appear more appealing. JPMorgan also mentioned a preference for value-oriented names that are currently underweighted going into the quarter.
Pentair plc (NYSE:PNR) also caught the attention of Citi analysts, who raised their price target to $133 and reaffirmed a Buy rating on the stock on October 9.
In addition to analyst optimism, Pentair plc (NYSE:PNR) stands out as a reliable dividend payer, having increased its dividends for 49 consecutive years. The company offers a quarterly dividend of $0.25 per share and has a dividend yield of 0.92%, as of October 16.
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