Entropy Technologies LP Makes New Investment in Pentair plc $PNR

Entropy Technologies LP purchased a new position in shares of Pentair plc (NYSE:PNR) in the fourth quarter, Holdings Channel reports. The fund purchased 27,263 shares of the industrial products company’s stock, valued at approximately $2,839,000.

Other institutional investors also recently bought and sold shares of the company. Wexford Capital LP purchased a new position in Pentair during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after buying an additional 105 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in Pentair during the 4th quarter worth approximately $44,000. Park Square Financial Group LLC raised its position in Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after buying an additional 362 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 204 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PNR. Seaport Research Partners cut their target price on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 target price (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. TD Cowen cut their target price on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays cut their target price on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Pentair presently has an average rating of “Hold” and a consensus target price of $107.86.

Pentair Price Performance

NYSE:PNR opened at $73.68 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. The company has a 50 day moving average price of $79.98 and a 200-day moving average price of $93.04. Pentair plc has a 1-year low of $69.93 and a 1-year high of $113.95.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.