Pentair plc (NYSE:PNR) is Zuckerman Investment Group LLC’s 7th Largest Position

Zuckerman Investment Group LLC lowered its position in shares of Pentair plc (NYSE:PNR) by 14.3% during the fourth quarter, HoldingsChannel reports. The firm owned 307,978 shares of the industrial products company’s stock after selling 51,550 shares during the period. Pentair accounts for approximately 3.1% of Zuckerman Investment Group LLC’s holdings, making the stock its 7th largest holding. Zuckerman Investment Group LLC’s holdings in Pentair were worth $31,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PNR. Quarry LP increased its position in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. raised its stake in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the last quarter. Eastern Bank raised its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after buying an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Pentair during the 4th quarter worth about $55,000. Finally, Friedenthal Financial bought a new stake in shares of Pentair during the fourth quarter valued at approximately $56,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

Pentair stock opened at $84.10 on Thursday. The firm has a market capitalization of $13.86 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The firm has a 50-day moving average price of $90.30 and a 200-day moving average price of $97.98. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Citigroup cut their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp reissued a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research note on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

Pentair Profile

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.