Zuckerman Investment Group LLC Sells 51,550 Shares of Pentair plc (NYSE:PNR)

Zuckerman Investment Group LLC decreased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,978 shares of the industrial products company's stock after selling 51,550 shares during the period. Pentair makes up 3.1% of Zuckerman Investment Group LLC's portfolio, making the stock its 7th biggest holding. Zuckerman Investment Group LLC owned 0.19% of Pentair worth $31,608,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PNR. HighTower Advisors LLC boosted its stake in shares of Pentair by 3.8% during the 3rd quarter. HighTower Advisors LLC now owns 48,035 shares of the industrial products company's stock worth $4,694,000 after acquiring an additional 1,774 shares in the last quarter. Quarry LP lifted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after buying an additional 134 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Pentair by 64.2% in the third quarter. Quantinno Capital Management LP now owns 19,297 shares of the industrial products company's stock worth $1,887,000 after buying an additional 7,546 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Pentair during the third quarter valued at approximately $440,000. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Pentair by 80.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,347 shares of the industrial products company's stock valued at $621,000 after acquiring an additional 2,837 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

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Pentair Trading Down 0.4 %

Shares of PNR stock traded down $0.31 on Tuesday, reaching $82.48. 312,125 shares of the stock were exchanged, compared to its average volume of 1,492,935. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The stock has a market cap of $13.61 billion, a PE ratio of 22.05, a P/E/G ratio of 1.87 and a beta of 1.13. The stock has a 50 day moving average price of $89.22 and a 200 day moving average price of $97.67.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to analysts' expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. Equities research analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, April 17th. Pentair's payout ratio is 26.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target on the stock in a report on Tuesday, March 25th. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Barclays lowered their price objective on shares of Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, KeyCorp reissued a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.87.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.