50,396 Shares in Pentair plc (NYSE:PNR) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired 50,396 shares of Pentair plc, valued at approximately $4.4 million, indicating strong interest from institutional investors in the company's stock.
• Several investment firms have raised their price targets for Pentair, with Mizuho increasing it from $118 to $122, reflecting positive sentiment in the stock's potential performance.
• Pentair reported earnings per share (EPS) of $1.39 for the last quarter, surpassing analyst estimates, with revenue of $1.12 billion also meeting expectations.

Entropy Technologies LP bought a new stake in Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,396 shares of the industrial products company's stock, valued at approximately $4,409,000.

Several other hedge funds have also recently made changes to their positions in PNR. Parvin Asset Management LLC acquired a new stake in Pentair during the 4th quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair during the 1st quarter valued at about $28,000. NBC Securities Inc. acquired a new stake in shares of Pentair during the 1st quarter valued at about $33,000. Colonial Trust Co SC boosted its holdings in Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after buying an additional 240 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in Pentair in the 1st quarter worth about $38,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PNR has been the topic of several recent research reports. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Barclays lifted their target price on Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Oppenheimer lifted their target price on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, TD Cowen lowered Pentair from a "buy" rating to a "hold" rating and cut their target price for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Pentair presently has an average rating of "Moderate Buy" and a consensus target price of $114.36.

Pentair Stock Performance

NYSE:PNR traded up $2.91 during mid-day trading on Wednesday, reaching $109.04. The stock had a trading volume of 1,801,351 shares, compared to its average volume of 1,573,173. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.97 and a beta of 1.07. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71. The business has a 50 day simple moving average of $102.57 and a 200 day simple moving average of $95.52.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $1.22 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

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.