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Stock Market & Financial Investment News

News Breaks
September 28, 2012
10:04 EDTTYC, PNRPentair to increase dividend to 23c from 22c for 1Q13, 2Q13
Pentair Ltd. (PNR) announced that its sole shareholder prior to the spin-off, Tyco International (TYC), has authorized Pentair Ltd. to pay a cash dividend of 22c per share on November 9 to shareholders of record on October 26. Tyco as sole shareholder also approved raising the quarterly dividend to 23c per share per quarter effective for the first and second quarters of 2013. Pentair Ltd. intends to seek authorization from its shareholders at its 2013 annual general meeting of shareholders to extend the increased dividend or increase the dividend further for the remainder of 2013.
News For PNR;TYC From The Last 14 Days
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March 25, 2015
09:34 EDTTYCTyco has reached attractive entry point, says Bernstein
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March 23, 2015
10:00 EDTTYCOn The Fly: Analyst Upgrade Summary
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06:03 EDTTYCU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:49 EDTTYCTyco upgraded to Overweight from Equal Weight at Barclays
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