Pentair (PNR): A Dividend Payer With Solid Value in the Industrial Sector

Core Insights - Pentair plc (NYSE:PNR) is recognized as one of the 11 Best Value Dividend Stocks to buy currently [1] - The company specializes in water treatment solutions and is incorporated in Ireland, with its tax residence in the United Kingdom [2] Acquisition Details - Pentair recently completed the acquisition of Hydra-Stop LLC from Madison Industries for approximately $290 million, with a net purchase price of around $240 million after accounting for expected tax benefits of about $50 million [3] Market Outlook - Analysts express optimism regarding Pentair, highlighting that lower interest rates could enhance the housing market, leading to increased spending on pools and both residential and commercial water systems [4] - The company's ongoing transformation efforts are anticipated to contribute to further growth [4] Dividend Policy - Pentair has a robust dividend policy, declaring a quarterly dividend of $0.25 per share on September 22, consistent with previous dividends [5] - The company has raised its dividend payouts for 49 consecutive years, with a current dividend yield of 0.91% as of September 26 [5]