KeyBanc Capital Mkts May Have Just Lost Faith in Pentair (NYSE:PNR)

May 17, 2018 - By Kristen Paramore

Pentair plc (NYSE:PNR) Logo

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.14, from 1.04 in 2017Q3. It improved, 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.

89,412 are owned by Counselors. Teachers Retirement Systems Of The State Of Kentucky accumulated 18,724 shares. Enterprise Fin Svcs Corporation has invested 0.14% of its portfolio in Pentair plc (NYSE:PNR). Iridian Asset Management Limited Liability Corp Ct, a Connecticut-based fund reported 3.50M shares. Employees Retirement Sys Of Texas invested 0.01% in Pentair plc (NYSE:PNR). Illinois-based North Star Mngmt Corporation has invested 0% in Pentair plc (NYSE:PNR). 332,004 are owned by Los Angeles Capital Management And Equity Research Incorporated. Mitsubishi Ufj Bk has invested 0.04% in Pentair plc (NYSE:PNR). Moreover, Trian Fund Mngmt Ltd Partnership has 9.21% invested in Pentair plc (NYSE:PNR) for 15.41M shares. Qs Invsts Limited Co reported 2,004 shares. Federated Pa, Pennsylvania-based fund reported 3,536 shares. Fjarde Ap stated it has 0.06% in Pentair plc (NYSE:PNR). The New York-based Nikko Asset Mngmt Americas Incorporated has invested 0% in Pentair plc (NYSE:PNR). Riverhead Management Llc, a Delaware-based fund reported 6,904 shares. Andra Ap, Alabama-based fund reported 41,400 shares.

Since January 3, 2018, it had 0 insider purchases, and 2 insider sales for $7.32 million activity. $168,166 worth of Pentair plc (NYSE:PNR) was sold by Stauch John L.

Pentair (NYSE:PNR) Receives a Downgrade

In a note issued to clients on 17 May, stock analysts at KeyBanc Capital Mkts’s equities research division lowered the rating for Pentair (NYSE:PNR) shares from the previous “Overweight” to a “Sector Weight”.

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 34.72% above currents $45.82 stock price. Pentair had 22 analyst reports since January 12, 2018 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Thursday, May 3. Stifel Nicolaus maintained Pentair plc (NYSE:PNR) rating on Monday, April 16. Stifel Nicolaus has “Hold” rating and $77 target. The firm has “Sell” rating by Cowen & Co given on Thursday, January 25. The rating was maintained by Barclays Capital with “Underweight” on Monday, May 14. The rating was reinitiated by Goldman Sachs on Thursday, May 3 with “Neutral”. The firm has “Hold” rating by Robert W. Baird given on Thursday, April 19. The stock of Pentair plc (NYSE:PNR) earned “Hold” rating by Susquehanna on Friday, January 12. The firm has “Hold” rating given on Monday, April 2 by UBS. The rating was maintained by KeyBanc Capital Markets on Wednesday, January 31 with “Overweight”. Robert W. Baird maintained Pentair plc (NYSE:PNR) on Wednesday, April 4 with “Hold” rating.

The stock increased 0.44% or $0.2 during the last trading session, reaching $45.82. About 1.28 million shares traded. Pentair plc (NYSE:PNR) has risen 11.82% since May 17, 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 $123.09 million for 16.60 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 $8.17 billion. The firm operates through two divisions, Water and Electrical. It has a 12.3 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 notable recent Pentair plc (NYSE:PNR) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Streetinsider.com with their article: “KeyBanc Downgrades Pentair (PNR) to Sector Weight Citing Balanced Risk/Reward” published on May 17, 2018, Seekingalpha.com published: “Pentair Spin-Off Of nVent Looks Better Than The Parent” on May 03, 2018. More interesting news about Pentair plc (NYSE:PNR) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018 as well as Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Pentair plc (NYSE:PNR) Ratings Chart

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