Pentair plc (NYSE:PNR) is included among the 15 Dividend Stocks That Have Increased Payouts for Over 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 is tax resident in the United Kingdom.
On October 15, JPMorgan raised its price target for Pentair plc (NYSE:PNR) from $116 to $126 and maintained an Overweight rating as part of its third-quarter earnings preview for the multi-industry and electrical equipment sector. The company did not take a slightly cautious stance towards the sector in the near term, but added that current valuations look more attractive. JPMorgan also cited a preference for value-oriented names that are currently underweight heading into the quarter.
Pentair plc (NYSE:PNR) also caught the attention of analysts at Citi, who raised their price target to $133 and reaffirmed a Buy rating on the stock on October 9.
Adding to analyst optimism, Pentair plc (NYSE:PNR) stands out as a reliable dividend payer, having increased its dividend 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.
While we recognize PNR’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None.