Our analysis is based on comparing Pentair Plc with the following peers – Xylem Inc., IDEX Corporation, Crane Co. and Dover Corporation (XYL-US, IEX-US, CR-US and DOV-US).
Dividend Quality Overview
- Over the last twelve months (prior to December 31, 2016), PNR-US paid a high quality dividend, which represents a yield of 2.13% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during 4 of these years — of these 3 were high quality and 1 was medium quality.
- The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to December 31, 2016), PNR-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 3.54x), investing cash flow (coverage of -0.50x), issuance cash flow (coverage of -1.46x) and twelve-month prior cash (coverage of 0.501847290640394x), for a total dividend coverage of 1.98x.
PNR-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -1.58x).
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||N/A||1.27||1.74||2.59||2.39||2.15|
|Dividend Payout (%)||N/A||36.54||35.48||-331.09||47.04||47.04|
A complete list of metrics and analysis is available on the company page.
Pentair Plc engages in the business of industrial manufacturing. It specializes in equipment protection to water, fluid, and in thermal management. It operates through the following segments: Water Quality Systems, Flow & Filtration Solutions and Technical Solutions. The Water Quality Systems segment designs, manufactures, markets and services innovative water system products and solutions for filtration and fluid management solutions for food and beverage, water, swimming pools and aquaculture applications. The Flow & Filtration Solutions segment designs, manufactures, markets and services solutions for the filtration, separation, flow and fluid management in agriculture, food and beverage processing, water supply and disposal and a variety of industrial applications. The Technical Solutions segment designs, manufactures, markets and services products that guard and protect some of sensitive electrical and electronic equipment, as well as heat management solutions designed to provide thermal protection to temperature sensitive fluid applications, engineered electrical, and fastening products for electrical, mechanical and civil applications. The company was founded by Murray Harpole, Vern Stone, Vincent Follmer, Leroy Nelson, and Gary Ostrand on August 31, 1966 and is headquartered in Manchester, the United Kingdom.
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