Analysis: Pentair Inc (NYSE:PNR) Stock Target Has Just Been Increased Today
In a comprehensive report distributed by Bernstein on Friday morning, the firm, Pentair Inc (NYSE:PNR), had their target price lowered to $59.00. Analusts presently have a solid “Market-Perform” rating on the stock.
From a total of 16 analysts covering Pentair Inc. (NYSE:PNR) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $66 while the lowest target price is $51. The mean of all analyst targets is $59.75 with a 27.89% above today’s ($48.48) stock price. Pentair Inc. was the topic of 13 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 9 with “Outperform” rating. Morgan Stanley initiated PNR stock in a recent report from October 15 with “Equal-Weight” rating. Finally, Jefferies downgraded the stock to “Hold” rating in a report issued on a July 22.
Approximately 1.55M shares of stock traded hands or 13.14% up from the average. Pentair plc. Ordinary Share (NYSE:PNR) has declined 22.53% since May 15, 2015 and is downtrending. It has underperformed by 18.72% the S&P500.
The overall sentiment of institutions has increased to 0.95 in Q2 2015. Its up 0.05, from 0.9 in 2015Q2. The ratio improved, as 53 institutions have sold all the shares of Pentair plc. Ordinary Share that they owned while 147 funds have taken shares off the table. 60 funds have purchased shares for the first time while 130 added to their positions. These institutions now hold 123.13 million shares or 18.17% less than the 150.47 million shares they owned in 2015Q2.
The Fund Robecosam Usa Inc. currently is holding shares equating to 3.31% of its total portfolio in Pentair plc. Ordinary Share representing a total of 44,985 shares. Another fund,Institutional Capital Llc, is holding a total of 6.18 million shares equating to 2.63% of their holdings. Additionally, Water Asset Management Llc has a 73,833 share stake in Pentair plc. Ordinary Share which represents 2.16% of their total portfolio. The Fund, Mairs & Power Inc, based out of Minnesota, has also built up a stake in the stock, which represents a total of 2.14% of their total portfolio. Finally Rockefeller Financial Services Inc, a fund which is based in the state of New York reported a total holdings of 1.72 million shares.
Insider activity is a very important aspect to track on any stock. Going back to May 28, 2015, shareholders of Pentair plc. Ordinary Share have witnessed 1 insider buy, and a total of 1 sale equating to a net activity of approximately $14.72 million . Garden Edward P bought 265,000 shares worth approximately $14.73 million. Stevens Christopher sold 151 shares worth approximately $8,097. Borin Mark C sold 5,131 shares worth approximately $329,667.
According to Zacks Investment Research, “Pentair plc delivers industry-leading products, services and solutions for its customers’ diverse needs in water and other fluids, thermal management and equipment protection. It serves a range of industries, including Energy, Food & Beverage, Industrial, Infrastructure and Residential & Commercial. The Company is organized as three operating segments: Water & Fluid Solutions, Valves & Controls, and Technical Solutions. Pentair plc, formerly known as Pentair Ltd, is based in Dublin, Ireland.”