IQ EQ FUND MANAGEMENT IRELAND Ltd Has $913,000 Stock Position in Pentair plc (NYSE:PNR)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Pentair plc (NYSE:PNR) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,909 shares of the industrial products company’s stock after purchasing an additional 456 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Pentair were worth $913,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWM LLC raised its stake in shares of Pentair by 26.4% during the 4th quarter. CWM LLC now owns 2,969 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 620 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Pentair during the fourth quarter worth about $69,000. Tokio Marine Asset Management Co. Ltd. increased its holdings in Pentair by 9.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,871 shares of the industrial products company’s stock valued at $427,000 after purchasing an additional 484 shares during the period. Truist Financial Corp raised its holdings in Pentair by 8.7% during the 4th quarter. Truist Financial Corp now owns 10,457 shares of the industrial products company’s stock worth $760,000 after purchasing an additional 834 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Pentair by 12.5% during the 4th quarter. Russell Investments Group Ltd. now owns 334,613 shares of the industrial products company’s stock worth $24,345,000 after buying an additional 37,163 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their target price on Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their target price on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.87.

Pentair Stock Up 1.2 %

NYSE PNR traded up $1.03 during trading hours on Thursday, hitting $86.99. The company had a trading volume of 1,136,995 shares, compared to its average volume of 1,576,820. The firm’s 50 day moving average is $81.69 and its 200 day moving average is $80.80. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $89.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.52 and a beta of 1.21.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $1.03 EPS. Pentair’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Pentair plc will post 4.25 earnings per share for the current fiscal year.

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.