Today BMO Capital Reconfirms a Market Perform Rating on Pentair (NYSE:PNR) and a $78 Target Price

February 15, 2018 - By Vivian Park

 Today BMO Capital Reconfirms a Market Perform Rating on Pentair (NYSE:PNR) and a $78 Target Price

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.11, from 1.15 in 2017Q2. It dived, 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.

Caxton Associate Ltd Partnership invested in 0.01% or 4,000 shares. Los Angeles Capital Management And Equity Research holds 331,631 shares. New York-based Clearbridge Ltd has invested 0.4% in Pentair plc (NYSE:PNR). Glenmede Tru Company Na has 1,162 shares. Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.14% of its portfolio in Pentair plc (NYSE:PNR). Stephens Ar reported 14,870 shares. Kbc Gp Nv holds 0.21% of its portfolio in Pentair plc (NYSE:PNR) for 338,246 shares. Shine Invest Advisory Service Inc accumulated 668 shares. Morgan Stanley invested in 0.01% or 602,267 shares. Wellington Mngmt Group Inc Llp holds 0.05% or 3.17 million shares. Texas Permanent School Fund stated it has 0.04% in Pentair plc (NYSE:PNR). Suntrust Banks invested in 0% or 5,625 shares. Citadel Advsrs Limited Liability Com has invested 0.01% in Pentair plc (NYSE:PNR). Voya Management Ltd Co holds 0.01% or 89,573 shares in its portfolio. 30,384 are owned by Utah Retirement Systems.

Since September 28, 2017, it had 0 buys, and 2 insider sales for $516,566 activity. On Thursday, September 28 the insider MERRIMAN RONALD sold $348,400.

Pentair (NYSE:PNR) Rating Reaffirmed

New York: In a note issued to investors and clients on 14 February, BMO Capital maintained their Market Perform rating on Pentair (NYSE:PNR) shares. They now have a $78 target price on the firm. BMO Capital’s target would indicate a potential upside of 11.16 % from the company’s last close price.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.11, from 1.15 in 2017Q2. It dived, 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.

Caxton Associate Ltd Partnership invested in 0.01% or 4,000 shares. Los Angeles Capital Management And Equity Research holds 331,631 shares. New York-based Clearbridge Ltd has invested 0.4% in Pentair plc (NYSE:PNR). Glenmede Tru Company Na has 1,162 shares. Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.14% of its portfolio in Pentair plc (NYSE:PNR). Stephens Ar reported 14,870 shares. Kbc Gp Nv holds 0.21% of its portfolio in Pentair plc (NYSE:PNR) for 338,246 shares. Shine Invest Advisory Service Inc accumulated 668 shares. Morgan Stanley invested in 0.01% or 602,267 shares. Wellington Mngmt Group Inc Llp holds 0.05% or 3.17 million shares. Texas Permanent School Fund stated it has 0.04% in Pentair plc (NYSE:PNR). Suntrust Banks invested in 0% or 5,625 shares. Citadel Advsrs Limited Liability Com has invested 0.01% in Pentair plc (NYSE:PNR). Voya Management Ltd Co holds 0.01% or 89,573 shares in its portfolio. 30,384 are owned by Utah Retirement Systems.

Since September 28, 2017, it had 0 buys, and 2 insider sales for $516,566 activity. On Thursday, September 28 the insider MERRIMAN RONALD sold $348,400.

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, February 14 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Pentair plc (NYSE:PNR) has “Sell” rating given on Tuesday, May 30 by Cowen & Co. The firm has “Market Perform” rating given on Wednesday, July 22 by William Blair. On Wednesday, July 22 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Hold” rating by Stifel Nicolaus on Sunday, October 15. Jefferies maintained the shares of PNR in report on Monday, September 18 with “Hold” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 15. The firm has “Overweight” rating given on Monday, October 2 by Morgan Stanley. The company was downgraded on Friday, October 16 by Stifel Nicolaus. KeyBanc Capital Markets maintained Pentair plc (NYSE:PNR) on Wednesday, January 31 with “Overweight” rating.

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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