Atomi Financial Group Inc. Takes $240,000 Position in Pentair plc (NYSE:PNR)

Atomi Financial Group Inc. bought a new position in shares of Pentair plc (NYSE:PNR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,131 shares of the industrial products company’s stock, valued at approximately $240,000.

Several other large investors also recently modified their holdings of PNR. Opal Wealth Advisors LLC purchased a new position in Pentair during the 2nd quarter valued at $25,000. Family Firm Inc. bought a new position in Pentair in the second quarter worth about $48,000. Rational Advisors LLC boosted its position in Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 422 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Pentair during the 1st quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Pentair by 24.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 173 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Pentair Stock Up 0.2 %

PNR stock opened at $85.96 on Thursday. The stock has a market capitalization of $14.27 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. Pentair plc has a 1-year low of $57.18 and a 1-year high of $89.63. The business has a fifty day moving average price of $81.54 and a 200-day moving average price of $80.76.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PNR shares. Deutsche Bank Aktiengesellschaft lifted their price target on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. KeyCorp lifted their price target on shares of Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Pentair from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $92.87.

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.