27,263 Shares in Pentair plc $PNR Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,263 shares of the industrial products company’s stock, valued at approximately $2,839,000.

Other hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Pentair during the third quarter valued at about $26,000. Park Square Financial Group LLC lifted its position in shares of Pentair by 502.8% during the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after buying an additional 362 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Pentair during the fourth quarter valued at about $44,000. Finally, Clearstead Advisors LLC lifted its position in shares of Pentair by 86.4% during the third quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after buying an additional 204 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of Pentair stock opened at $73.68 on Monday. The firm has a market capitalization of $11.91 billion, a P/E ratio of 18.06, a PEG ratio of 1.25 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. 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 52 week low of $69.93 and a 52 week high of $113.95.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $1.11 EPS. Pentair’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts expect that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.27 per share. 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%.

Analyst Ratings Changes

Several equities analysts recently commented on PNR shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. TD Cowen decreased their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday, April 29th. Seaport Research Partners decreased their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.86.

Pentair 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.