Aigen Investment Management LP Makes New Investment in Pentair plc (NYSE:PNR)

Key Points

• Aigen Investment Management LP has purchased a new position in Pentair plc, acquiring 14,059 shares valued at approximately $1,230,000.
• Pentair reported $1.39 EPS for the most recent quarter, outperforming the consensus estimate and showing a 2.2% increase in revenue year-over-year.
• Analysts have mixed views on Pentair, with a consensus rating of "Moderate Buy" and a new price target averaging $114.36.

Aigen Investment Management LP bought a new position in Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,059 shares of the industrial products company's stock, valued at approximately $1,230,000.

A number of other institutional investors have also recently modified their holdings of the stock. Strategic Blueprint LLC lifted its stake in shares of Pentair by 2.3% in the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock worth $483,000 after acquiring an additional 123 shares during the period. HB Wealth Management LLC lifted its position in Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock valued at $315,000 after purchasing an additional 192 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in Pentair by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 29,930 shares of the industrial products company's stock valued at $3,012,000 after purchasing an additional 197 shares in the last quarter. Larson Financial Group LLC increased its position in Pentair by 11.4% during the 1st quarter. Larson Financial Group LLC now owns 2,016 shares of the industrial products company's stock worth $176,000 after purchasing an additional 207 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Pentair by 5.9% during the 1st quarter. Wedmont Private Capital now owns 3,759 shares of the industrial products company's stock worth $309,000 after buying an additional 209 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. TD Cowen lowered shares of Pentair from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, UBS Group cut their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.36.

Pentair Trading Down 1.1%

NYSE PNR traded down $1.19 during mid-day trading on Friday, hitting $105.44. The company's stock had a trading volume of 207,418 shares, compared to its average volume of 1,561,636. Pentair plc has a 52-week low of $74.25 and a 52-week high of $110.71. The firm has a market capitalization of $17.28 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The stock's fifty day simple moving average is $102.89 and its two-hundred day simple moving average is $95.65.

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