Fintel reports that on December 13, 2023, Keybanc upgraded their outlook for Pentair (NYSE:PNR) from Sector Weight to Overweight .
Analyst Price Forecast Suggests 12.37% Upside
As of November 27, 2023, the average one-year price target for Pentair is 75.68. The forecasts range from a low of 46.46 to a high of $92.40. The average price target represents an increase of 12.37% from its latest reported closing price of 67.35.
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The projected annual revenue for Pentair is 4,223MM, an increase of 2.43%. The projected annual non-GAAP EPS is 3.64.
What is the Fund Sentiment?
There are 1158 funds or institutions reporting positions in Pentair. This is an increase of 71 owner(s) or 6.53% in the last quarter. Average portfolio weight of all funds dedicated to PNR is 0.20%, a decrease of 0.08%. Total shares owned by institutions increased in the last three months by 1.49% to 162,416K shares. 
The put/call ratio of PNR is 0.55, indicating a bullish outlook.
What are Other Shareholders Doing?
Impax Asset Management Group holds 9,766K shares representing 5.91% ownership of the company. In it's prior filing, the firm reported owning 10,934K shares, representing a decrease of 11.97%. The firm decreased its portfolio allocation in PNR by 0.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,134K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 5,131K shares, representing an increase of 0.06%. The firm increased its portfolio allocation in PNR by 4.10% over the last quarter.
Amundi holds 5,124K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 4,775K shares, representing an increase of 6.80%. The firm decreased its portfolio allocation in PNR by 93.87% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,249K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 4,259K shares, representing a decrease of 0.23%. The firm increased its portfolio allocation in PNR by 4.85% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,968K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 3,927K shares, representing an increase of 1.02%. The firm increased its portfolio allocation in PNR by 3.69% over the last quarter.
Pentair Background Information
(This description is provided by the company.)
Pentair makes the most of life's essential resources, from great tasting water straight from the kitchen faucet, to industrial water management and everywhere in between. We deliver solutions that help people move, improve and enjoy water, and sustainable applications that help ensure the health of the world. Smart, Sustainable Solutions. For Life. Pentair had revenue in 2019 of $3 billion and has approximately 120 locations in 25 countries and 9,500 employees.
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