Is Pentair (NYSE:PNR) now a ‘Sell’ After a KeyBanc Downgrade?

May 18, 2018 - By Jeanette Kaplan

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.

Moreover, Thrivent For Lutherans has 0% invested in Pentair plc (NYSE:PNR) for 6,719 shares. Aqr Mngmt Limited Liability Corp holds 105,066 shares or 0.01% of its portfolio. Delta Asset Lc Tn reported 0% in Pentair plc (NYSE:PNR). Moreover, Reilly Fincl Advsrs Limited Company has 0.01% invested in Pentair plc (NYSE:PNR) for 1,008 shares. American Century owns 10,328 shares. Oakworth holds 20 shares. Suntrust Banks Inc reported 0% in Pentair plc (NYSE:PNR). Rhumbline Advisers owns 300,916 shares. Architects holds 0% in Pentair plc (NYSE:PNR) or 119 shares. 388,949 are held by Kbc Grp Nv. British Columbia Invest Management reported 0.05% of its portfolio in Pentair plc (NYSE:PNR). Tiaa Cref Investment reported 351,495 shares stake. Westwood Holdings Group stated it has 692,320 shares. Benjamin F Edwards & has invested 0.03% of its portfolio in Pentair plc (NYSE:PNR). Balyasny Asset Mngmt Ltd Liability reported 615,078 shares stake.

Since January 3, 2018, it had 0 insider buys, and 2 selling transactions for $7.32 million activity. 100,000 shares were sold by HOGAN RANDALL J, worth $7.15 million.

Pentair (NYSE:PNR) Receives a Downgrade

In a report sent to clients and investors on 17 May, KeyBanc revealed that they have decided to downgrade shares of Pentair (NYSE:PNR) to a “Hold”.

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. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, January 25 report. The firm has “Hold” rating given on Monday, April 16 by Stifel Nicolaus. As per Tuesday, January 30, the company rating was maintained by Robert W. Baird. The rating was maintained by Robert W. Baird on Wednesday, April 4 with “Hold”. Cowen & Co maintained it with “Sell” rating and $65.0 target in Thursday, January 25 report. The stock of Pentair plc (NYSE:PNR) earned “Neutral” rating by Robert W. Baird on Tuesday, May 1. The firm has “Hold” rating given on Monday, April 23 by Susquehanna. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Wednesday, January 31 report. JP Morgan maintained the stock with “Overweight” rating in Tuesday, May 1 report. The firm has “Underweight” rating by Barclays Capital given on Monday, May 14.

The stock increased 0.22% or $0.1 during the last trading session, reaching $45.72. About 1.84 million shares traded or 0.29% up from the average. 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 earnings per share, 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 earnings per share 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 notable recent Pentair plc (NYSE:PNR) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Streetinsider.com with their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 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: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” published on May 17, 2018 as well as Streetinsider.com‘s news article titled: “KeyBanc Downgrades Pentair (PNR) to Sector Weight Citing Balanced Risk/Reward” with publication date: May 17, 2018.

Pentair plc (NYSE:PNR) Ratings Chart

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