Breaking: BMO Capital Reaffirms $78 Target Price per Share On Pentair (NYSE:PNR) Shares, Reaffirms Their Original Market Perform Rating

February 15, 2018 - By Ellis Scott

 Breaking: BMO Capital Reaffirms $78 Target Price per Share On Pentair (NYSE:PNR) Shares, Reaffirms Their Original Market Perform Rating

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.11, from 1.15 in 2017Q2. It is negative, as 24 investors sold Pentair plc shares while 147 reduced holdings. 47 funds opened positions while 131 raised stakes. 151.12 million shares or 1.77% less from 153.84 million shares in 2017Q2 were reported.

Voya Invest Limited Co holds 89,573 shares. First Trust Advisors Limited Partnership owns 157,749 shares. Bradley Foster & Sargent Ct has invested 0.01% in Pentair plc (NYSE:PNR). Ahl Ptnrs Ltd Liability Partnership stated it has 0.25% of its portfolio in Pentair plc (NYSE:PNR). New Mexico Educational Retirement Board owns 0.05% invested in Pentair plc (NYSE:PNR) for 15,614 shares. Raymond James Services Advisors reported 45,892 shares. Tudor Invest Et Al reported 0.07% in Pentair plc (NYSE:PNR). Southernsun Asset Management Limited Liability has invested 1.81% of its portfolio in Pentair plc (NYSE:PNR). State Treasurer State Of Michigan has 0.03% invested in Pentair plc (NYSE:PNR) for 50,102 shares. Schwab Charles Inv Management accumulated 617,188 shares. Skba Capital Mgmt Lc stated it has 3,570 shares. Bb&T, a North Carolina-based fund reported 116,365 shares. Wolverine Asset Lc reported 26,000 shares. Atlantic Tru Group Incorporated Limited Liability Com reported 0.05% of its portfolio in Pentair plc (NYSE:PNR). British Columbia Invest Management Corp reported 91,782 shares.

Since September 28, 2017, it had 0 insider buys, and 2 insider sales for $516,566 activity. 2,392 shares were sold by Stauch John L, worth $168,166 on Wednesday, January 3.

Pentair (NYSE:PNR) Rating Reaffirmed

Pentair (NYSE:PNR) just had their share rating of a ‘Market Perform’ issued by research analysts at BMO Capital, who now has a $78 PT on the $12.74B market cap company or a 11.16 % upside potential. This key information was disclosed to clients in analysts note on Wednesday, 14 February.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.11, from 1.15 in 2017Q2. It is negative, as 24 investors sold Pentair plc shares while 147 reduced holdings. 47 funds opened positions while 131 raised stakes. 151.12 million shares or 1.77% less from 153.84 million shares in 2017Q2 were reported.

Voya Invest Limited Co holds 89,573 shares. First Trust Advisors Limited Partnership owns 157,749 shares. Bradley Foster & Sargent Ct has invested 0.01% in Pentair plc (NYSE:PNR). Ahl Ptnrs Ltd Liability Partnership stated it has 0.25% of its portfolio in Pentair plc (NYSE:PNR). New Mexico Educational Retirement Board owns 0.05% invested in Pentair plc (NYSE:PNR) for 15,614 shares. Raymond James Services Advisors reported 45,892 shares. Tudor Invest Et Al reported 0.07% in Pentair plc (NYSE:PNR). Southernsun Asset Management Limited Liability has invested 1.81% of its portfolio in Pentair plc (NYSE:PNR). State Treasurer State Of Michigan has 0.03% invested in Pentair plc (NYSE:PNR) for 50,102 shares. Schwab Charles Inv Management accumulated 617,188 shares. Skba Capital Mgmt Lc stated it has 3,570 shares. Bb&T, a North Carolina-based fund reported 116,365 shares. Wolverine Asset Lc reported 26,000 shares. Atlantic Tru Group Incorporated Limited Liability Com reported 0.05% of its portfolio in Pentair plc (NYSE:PNR). British Columbia Invest Management Corp reported 91,782 shares.

Since September 28, 2017, it had 0 insider buys, and 2 insider sales for $516,566 activity. 2,392 shares were sold by Stauch John L, worth $168,166 on Wednesday, January 3.

Pentair plc (NYSE:PNR) Ratings Coverage

Among 23 analysts covering Pentair Inc. (NYSE:PNR), 7 have Buy rating, 4 Sell and 12 Hold. Therefore 30% are positive. Pentair Inc. has $85 highest and $47 lowest target. $67.28’s average target is -4.12% below currents $70.171 stock price. Pentair Inc. had 81 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, July 22 the stock rating was downgraded by William Blair to “Market Perform”. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, October 25. Morgan Stanley maintained the shares of PNR in report on Wednesday, July 26 with “Overweight” rating. The stock has “Hold” rating by Jefferies on Tuesday, May 30. RBC Capital Markets maintained the shares of PNR in report on Friday, September 15 with “Buy” rating. Cowen & Co maintained the shares of PNR in report on Thursday, January 25 with “Sell” rating. The company was maintained on Wednesday, February 3 by RBC Capital Markets. The stock of Pentair plc (NYSE:PNR) has “Buy” rating given on Wednesday, October 11 by RBC Capital Markets. The stock of Pentair plc (NYSE:PNR) earned “Hold” rating by Stifel Nicolaus on Sunday, October 15. As per Thursday, September 1, the company rating was downgraded by Cowen & Co.

The stock decreased 0.90% or $0.639 during the last trading session, reaching $70.171. About 470,908 shares traded. Pentair plc (NYSE:PNR) has risen 14.99% since February 15, 2017 and is uptrending. It has underperformed by 1.71% the S&P500.

Pentair plc operates as a diversified industrial manufacturing firm in the United States, Europe, and internationally. The company has market cap of $12.74 billion. The firm operates through two divisions, Water and Electrical. It has a 19.36 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.

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