IQ EQ FUND MANAGEMENT IRELAND Ltd Has $725,000 Stock Holdings in Pentair plc (NYSE:PNR)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of Pentair plc (NYSE:PNR) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,202 shares of the industrial products company’s stock after selling 4,336 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Pentair were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its position 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 period. Eastern Bank boosted its stake in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Friedenthal Financial bought a new position in Pentair during the fourth quarter worth about $56,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Pentair in the 4th quarter valued at $60,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $86.76 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.87 and a beta of 1.23. The stock’s fifty day moving average price is $94.54 and its two-hundred day moving average price is $98.69. Pentair plc has a one year low of $72.63 and a one year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the company posted $0.87 earnings per share. Pentair’s revenue was down 1.2% compared to the same quarter last year. On average, equities 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. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is currently 26.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays cut 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. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.27.

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.