|Day's Range||66.25 - 66.82|
|52 Week Range||53.80 - 69.03|
|PE Ratio (TTM)||24.26|
|Dividend & Yield||1.38 (2.04%)|
|1y Target Est||N/A|
Pentair plc (PNR) will spin off its electrical unit and focus on its core water treatment business.
The Financial Times has an early report on the deal , which Pentair says will happen in the second quarter of 2018. It will split the electrical unit, which makes enclosures and other products for electrical systems, off from Pentair's (PNR) surviving water treatment business, which makes treatment and processing systems and had sales of $2.8 billion last year. The move would be handled as a tax-free spinoff to Pentair's existing shareholders.