Just How Negative is KeyBanc Following Their Downgrade of Pentair (NYSE:PNR)?

May 17, 2018 - By Jimmy Baldridge

Pentair plc (NYSE:PNR) Logo

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.14, from 1.04 in 2017Q3. It is positive, as 31 investors sold Pentair plc shares while 139 reduced holdings. 66 funds opened positions while 134 raised stakes. 154.07 million shares or 1.95% more from 151.12 million shares in 2017Q3 were reported.

Neuberger Berman Ltd Limited Liability Company stated it has 0.05% in Pentair plc (NYSE:PNR). The Kansas-based Creative Planning has invested 0% in Pentair plc (NYSE:PNR). 236,376 were reported by Adage Capital Ptnrs Group Incorporated Limited Liability. Meyer Handelman Co holds 51,401 shares. Piedmont Investment Advsrs Ltd Llc reported 8,047 shares or 0.01% of all its holdings. Boyd Watterson Asset Ltd Company Oh holds 6,615 shares. Clearbridge Investments Ltd Liability Co owns 6.04M shares or 0.39% of their US portfolio. Fincl Counselors holds 0.29% of its portfolio in Pentair plc (NYSE:PNR) for 89,412 shares. Eaton Vance Management invested in 0.01% or 64,587 shares. Ferguson Wellman Mngmt Inc has 0.46% invested in Pentair plc (NYSE:PNR) for 188,969 shares. Manufacturers Life The stated it has 151,780 shares. Asset reported 0.04% in Pentair plc (NYSE:PNR). Prelude Management Limited Liability Company holds 0.02% or 3,350 shares. Tci Wealth Advisors has invested 0% in Pentair plc (NYSE:PNR). Gsa Cap Prtn Ltd Liability Partnership invested 0.09% of its portfolio in Pentair plc (NYSE:PNR).

Since January 3, 2018, it had 0 insider buys, and 2 selling transactions for $7.32 million activity. Stauch John L sold $168,166 worth of stock or 2,392 shares.

Pentair (NYSE:PNR) Receives a Downgrade

KeyBanc decreased their rating for shares of Pentair (NYSE:PNR) from “Overweight” to “Sector Weight” in an analyst note that was released on Thursday, 17 May.

Pentair plc (NYSE:PNR) Ratings Coverage

Among 11 analysts covering Pentair (NYSE:PNR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Pentair has $85 highest and $40 lowest target. $61.73’s average target is 35.02% above currents $45.72 stock price. Pentair had 22 analyst reports since January 12, 2018 according to SRatingsIntel. The company was maintained on Wednesday, May 2 by Stifel Nicolaus. Robert W. Baird maintained Pentair plc (NYSE:PNR) rating on Tuesday, January 30. Robert W. Baird has “Hold” rating and $78.0 target. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, May 1 report. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by Susquehanna on Monday, April 23 with “Hold”. The firm has “Overweight” rating given on Tuesday, May 1 by JP Morgan. The stock of Pentair plc (NYSE:PNR) earned “Hold” rating by Stifel Nicolaus on Monday, April 16. The firm earned “Underweight” rating on Monday, May 14 by Barclays Capital. The firm earned “Hold” rating on Thursday, January 25 by BMO Capital Markets. The rating was downgraded by RBC Capital Markets on Thursday, May 3 to “Hold”.

The stock increased 0.22% or $0.1 during the last trading session, reaching $45.72. About 1.81 million shares traded. Pentair plc (NYSE:PNR) has risen 11.82% since May 18, 2017 and is uptrending. It has outperformed by 0.27% the S&P500.

Analysts await Pentair plc (NYSE:PNR) to report earnings on July, 24. They expect $0.69 EPS, down 31.00 % or $0.31 from last year’s $1 per share. PNR’s profit will be $123.09M for 16.57 P/E if the $0.69 EPS becomes a reality. After $0.88 actual EPS reported by Pentair plc for the previous quarter, Wall Street now forecasts -21.59 % negative EPS growth.

Pentair plc operates as a diversified industrial manufacturing firm in the United States, Europe, and internationally. The company has market cap of $8.16 billion. The firm operates through two divisions, Water and Electrical. It has a 12.27 P/E ratio. The Water segment designs, makes, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.

More important recent Pentair plc (NYSE:PNR) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018, also Seekingalpha.com published article titled: “Pentair Spin-Off Of nVent Looks Better Than The Parent”, Streetinsider.com published: “KeyBanc Downgrades Pentair (PNR) to Sector Weight Citing Balanced Risk/Reward” on May 17, 2018. More interesting news about Pentair plc (NYSE:PNR) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

Pentair plc (NYSE:PNR) Ratings Chart

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