Ieq Capital LLC Has $6.23 Million Stock Position in Pentair plc (NYSE:PNR)

Ieq Capital LLC grew its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 428.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,928 shares of the industrial products company's stock after purchasing an additional 50,213 shares during the period. Ieq Capital LLC's holdings in Pentair were worth $6,232,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Quarry LP raised its holdings in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. raised its holdings in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. lifted its position in shares of Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 327 shares in the last quarter. Eastern Bank boosted its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Friedenthal Financial purchased a new position in Pentair during the 4th quarter worth approximately $56,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PNR has been the subject of a number of research analyst reports. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Robert W. Baird increased their price objective on Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Barclays increased their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, Oppenheimer boosted their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $111.25.

Pentair Stock Down 2.5 %

NYSE PNR traded down $2.36 during trading on Friday, hitting $92.89. 1,660,756 shares of the company traded hands, compared to its average volume of 1,352,196. The company has a market capitalization of $15.35 billion, a P/E ratio of 24.84, a PEG ratio of 1.88 and a beta of 1.20. The business has a fifty day simple moving average of $100.54 and a 200 day simple moving average of $97.99. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. 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 - Get Free Report) last posted its earnings results 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 analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Pentair's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Pentair Company 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.