Top Industrials Picks Of Impax Asset Management

The total position of Impax Asset Management in Pentair Ltd (NYSE:PNR) included 1.12 million shares worth $77.04 million at the end of June, 2015. The company is known to the general public as a worldwide producer and distributor of products such as water & fluid solutions, valves & controls, and technical solutions. During 2015, the performance of the stock price can hardly be called satisfactory, as Pentair Ltd (NYSE:PNR) has depreciated by 7.15%. It is not surprising, given the 9.3% drop in the company’s revenue according to its second quarter results. Still, the company managed to beat both the top and bottom line estimates, on EPS by $0.01, posting $0.96, and on revenue by $20 million, reporting $1.66 billion in sales.  David E. Shaw’s D E Shaw finished the second quarter with 813,250 shares of Pentair Ltd (NYSE:PNR)with a value of  $55.91 million.

Impax Asset Management added to its ownership in Danaher Corporation (NYSE:DHR) by some 17% over the course of the second quarter, lifting the total amount of shares in its portfolio to 699,339 worth $59.92 million. Unlike the two other stocks, the $62.14 billion medical, industrial and commercial products manufacturer has seen its price increase by 6.08% during 2015. At the end of July, Nigel Coe, a market expert from Morgan Stanley, upgraded Danaher Corporation (NYSE:DHR) to “Overweight” from “Equal Weight”, and raised its price target to $100 from $93. Coe believes that Danaher’s recent $13.8 billion acquisition of Pall Corporation (NYSE:PLL) will lead to double-digit free cash flow and EPS growth for the company through 2020. Analysts from Argus Research seem to have a similar opinion of the stock, raising their price target to $98 from $95 on the same day.  Steven Cohen‘s Point72 Asset Management holds around 1.07 million shares of Danaher Corporation (NYSE:DHR) valued at $91.82 million as of June 30.

Disclosure: None