OneAscent Investment Solutions LLC Buys Shares of 5,101 Pentair plc (NYSE:PNR)

Key Points

• OneAscent Investment Solutions LLC made a new investment of $446,000 in Pentair plc, acquiring 5,101 shares during the first quarter.
• Pentair's stock was recently upgraded by several analysts, with Citigroup raising its price target to $125.00, while the consensus price target currently stands at $114.36.
• Pentair reported a 2.2% year-over-year revenue increase with earnings per share (EPS) of $1.39, surpassing analyst expectations of $1.33.

OneAscent Investment Solutions LLC acquired a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,101 shares of the industrial products company's stock, valued at approximately $446,000.

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

Pentair Trading Down 1.5%

Shares of PNR stock traded down $1.59 on Friday, hitting $105.04. The company had a trading volume of 1,021,704 shares, compared to its average volume of 2,051,845. The firm has a market cap of $17.22 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.01 and a beta of 1.07. The stock's 50-day moving average is $103.00 and its two-hundred day moving average is $95.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. Pentair plc has a twelve month low of $74.25 and a twelve month high of $110.71.

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

Wall Street Analysts Forecast Growth

PNR has been the topic of several analyst reports. Robert W. Baird upped their price objective on Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group dropped their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America cut shares of Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.36.

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.