(PNR) Pentair Reaches 52-Week High

Shares of Pentair Ltd. (PNR) reached a new 52-week high of $58.59 on Tuesday, May 21, 2013. The new high was primarily driven by the company’s ability to consistently raise dividends and expected benefits from integration and standardization synergies. In addition, the company reported improved results for the first quarter of fiscal 2013. Pentair has delivered a robust one-year return of about 41.62% and decent year-to-date return of about 17.11%, outperforming the S&P 500. Average volume of shares traded over the last three months was approximately 1.3 million. This provider of products, services, and solutions for water and other fluids, thermal management and equipment protection has been delivering positive earnings surprises over the past four quarters with an average surprise of 3.93%. This Zacks Rank #3 (Hold) stock has a […]