Lombard Odier Asset Management Europe Ltd Increases Stock Position in Pentair plc (NYSE:PNR)

Lombard Odier Asset Management Europe Ltd increased its position in Pentair plc (NYSE:PNR) by 85.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,264 shares of the industrial products company’s stock after buying an additional 13,979 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Pentair were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kodai Capital Management LP purchased a new position in shares of Pentair in the 4th quarter worth about $173,280,000. DekaBank Deutsche Girozentrale increased its position in Pentair by 352.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after purchasing an additional 1,228,635 shares in the last quarter. Swedbank AB purchased a new position in Pentair in the first quarter valued at approximately $97,083,000. Massachusetts Financial Services Co. MA lifted its position in Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after buying an additional 996,325 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in Pentair during the first quarter worth approximately $45,096,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. KeyCorp increased their target price on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Barclays upped their target price on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

Pentair Price Performance

Shares of NYSE PNR opened at $95.95 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. Pentair plc has a twelve month low of $57.18 and a twelve month high of $96.29. The business has a 50 day simple moving average of $86.33 and a 200-day simple moving average of $82.49. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.68 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. Pentair’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. As a group, equities research analysts expect that Pentair plc will post 4.25 earnings per share for the current year.

Pentair 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.