First Eagle Investment Management Has Increased By $2.16 Million Its Pentair Plc (PNR) Stake; Jpmorgan Chase & Co Has 0.81 Sentiment

June 17, 2018 - By Marie Mckinney

Pentair plc (NYSE:PNR) Logo

First Eagle Investment Management Llc increased Pentair Plc (PNR) stake by 4.14% reported in 2018Q1 SEC filing. First Eagle Investment Management Llc acquired 31,741 shares as Pentair Plc (PNR)’s stock declined 6.02%. The First Eagle Investment Management Llc holds 798,944 shares with $54.43M value, up from 767,203 last quarter. Pentair Plc now has $7.82 billion valuation. The stock increased 0.18% or $0.08 during the last trading session, reaching $43.86. About 2.37 million shares traded or 50.06% up from the average. Pentair plc (NYSE:PNR) has risen 0.76% since June 17, 2017 and is uptrending. It has underperformed by 11.81% the S&P500. Some Historical PNR News: ; 19/04/2018 – Pentair Expects to Complete Spin-Off of Its Electrical Business to Its Hldrs on April 30, 2018; 23/04/2018 – Pentair Closes Below 50-Day Moving Average: Technicals; 19/04/2018 – PENTAIR PLC PNR.N SEES FY 2018 SALES UP 3 TO 4 PCT; 16/05/2018 – PENTAIR PLC – AS OF MAY 16, 2018, THERE WAS $255.3 MLN AGGREGATE PRINCIPAL AMOUNT OF NOTES OUTSTANDING; 01/05/2018 – PENTAIR REPORTS MATTHEW PELTZ JOINS BOARD, ED GARDEN RESIGNED; 19/04/2018 – PENTAIR PLC – NVENT PROVIDES 2018 GAAP EPS GUIDANCE AT A RANGE OF $1.38 TO $1.48 AND, ON AN ADJUSTED BASIS, AT A RANGE OF $1.70 TO $1.80; 03/04/2018 – Pentair Details Executive Appointments Following NVent Separatio; 02/04/2018 – REG-PENTAIR ACHIEVES ENERGY STAR® PARTNER OF THE YEAR–SUSTAINED EXCELLENCE AWARD FOR FIFTH CONSECUTIVE YEAR; 19/04/2018 – Pentair Sees nVent 2018 Adj EPS $1.70-$1.80; 08/05/2018 – PENTAIR PLC – SEES LONG-TERM SEGMENT INCOME GROWTH OF 6 TO 8 PERCENT PER YEAR

Jpmorgan Chase & Co (JPM) investors sentiment decreased to 0.81 in Q1 2018. It’s down -0.07, from 0.88 in 2017Q4. The ratio is negative, as 728 active investment managers increased and opened new equity positions, while 895 decreased and sold their equity positions in Jpmorgan Chase & Co. The active investment managers in our database now hold: 2.39 billion shares, down from 2.46 billion shares in 2017Q4. Also, the number of active investment managers holding Jpmorgan Chase & Co in top ten equity positions increased from 461 to 490 for an increase of 29. Sold All: 52 Reduced: 843 Increased: 596 New Position: 132.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “What’s Going On With JPMorgan?” on June 17, 2018, also Thestreet.com with their article: “5 Reasons Why JPMorgan Will Be a Monster Trade” published on May 30, 2018, Seekingalpha.com published: “JPMorgan (JPM) Management Presents at Morgan Stanley Financials Conference (Transcript)” on June 13, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Benzinga.com and their article: “A Concerning Weakness In Bank Stocks” published on June 16, 2018 as well as Seekingalpha.com‘s news article titled: “US banks fall as ECB keeps rates unchanged, day after Fed raises” with publication date: June 14, 2018.

The stock decreased 0.12% or $0.13 during the last trading session, reaching $107.9. About 26.03M shares traded or 76.80% up from the average. JPMorgan Chase & Co. (JPM) has risen 29.65% since June 17, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: ; 18/05/2018 – US companies from JPMorgan Chase to eBay have come under fire from shareholder groups for trying to neuter a campaign to strengthen investor oversight of management; 10/04/2018 – PORTLAND GENERAL ELECTRIC CO POR.N : JP MORGAN RAISES TARGET PRICE TO $42 FROM $41; 15/05/2018 – Verizon Presenting at JPMorgan Conference Tomorrow; 07/05/2018 – JPMORGAN CHAIRMAN AND CEO JAMIE DIMON INTERVIEW : LIVE; 14/03/2018 – ENGIE SA ENGIE.PA : JP MORGAN RAISES TARGET PRICE TO 17 EUROS FROM 16 EUROS; 26/04/2018 – YANDEX YNDX.O : JP MORGAN RAISES TARGET PRICE TO $44 FROM $41; 29/03/2018 – S&PGR Asgns J.P. Morgan Mortgage Trust 2018-3 Certs Rtgs; 11/04/2018 – Proposal would Apply to JPMorgan Chase, Wells Fargo, Goldman Sachs and other ‘GSIBs’; 13/03/2018 – Big banks shake up Washington lobbying shops; 15/05/2018 – FireEye Presenting at JPMorgan Conference Tomorrow

Since January 1, 0001, it had 3 insider purchases, and 8 selling transactions for $18.63 million activity.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13 before the open. They expect $2.25 earnings per share, up 23.63% or $0.43 from last year’s $1.82 per share. JPM’s profit will be $7.66B for 11.99 P/E if the $2.25 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -5.06% negative EPS growth.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $367.33 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 17.1 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

Michael & Susan Dell Foundation holds 54.03% of its portfolio in JPMorgan Chase & Co. for 313,853 shares. Lloyds Banking Group Plc owns 28,209 shares or 24% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 15.49% invested in the company for 13.52 million shares. The New York-based Greenhaven Associates Inc has invested 11.54% in the stock. Stewart West Indies Trading Co. Ltd, a Colorado-based fund reported 1.03 million shares.

Ratings analysis reveals 20% of JPMorgan Chase’s analysts are positive. Out of 5 Wall Street analysts rating JPMorgan Chase, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $72.0 while the high is $100.0. The stock’s average target of $83.18 is -22.91% below today’s ($107.9) share price. JPM was included in 6 notes of analysts from September 9, 2016. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Robert W. Baird on Wednesday, November 9. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Thursday, October 6 by Sandler O’Neill. The firm earned “Neutral” rating on Monday, October 17 by Buckingham Research. As per Friday, September 9, the company rating was downgraded by Macquarie Research. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.40, from 1.18 in 2017Q4. It dived, as 46 investors sold PNR shares while 161 reduced holdings. 38 funds opened positions while 124 raised stakes. 151.55 million shares or 1.63% less from 154.07 million shares in 2017Q4 were reported. Manufacturers Life Insurance Com The holds 0.01% of its portfolio in Pentair plc (NYSE:PNR) for 187,496 shares. Geode Cap Management Lc has invested 0.04% in Pentair plc (NYSE:PNR). New Mexico Educational Retirement Board reported 0.04% of its portfolio in Pentair plc (NYSE:PNR). 3,385 are held by Hanson Doremus Inv Management. 415,653 are held by California Employees Retirement Systems. Reliance Tru Of Delaware stated it has 0.12% of its portfolio in Pentair plc (NYSE:PNR). Arizona State Retirement Sys owns 83,052 shares. Blair William & Il owns 8,572 shares for 0% of their portfolio. Bb&T owns 100,486 shares for 0.08% of their portfolio. Bollard Group Ltd reported 0% of its portfolio in Pentair plc (NYSE:PNR). Indexiq Advsr Ltd holds 124,731 shares. Stone Ridge Asset Management Ltd Liability Company invested 0.06% in Pentair plc (NYSE:PNR). Kbc Group Inc Nv reported 0.21% in Pentair plc (NYSE:PNR). Guardian Life Of America stated it has 380 shares or 0% of all its holdings. Field And Main Bank has 0.28% invested in Pentair plc (NYSE:PNR).

Since January 3, 2018, it had 0 insider purchases, and 3 selling transactions for $81.24 million activity. 100,000 Pentair plc (NYSE:PNR) shares with value of $7.15 million were sold by HOGAN RANDALL J. Stauch John L also sold $168,166 worth of Pentair plc (NYSE:PNR) shares. On Wednesday, May 30 the insider Peltz Matthew H. sold $73.93M.

Among 24 analysts covering Pentair Inc. (NYSE:PNR), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Pentair Inc. had 95 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Monday, October 16. The stock of Pentair plc (NYSE:PNR) earned “Buy” rating by UBS on Wednesday, April 27. Robert W. Baird maintained Pentair plc (NYSE:PNR) rating on Tuesday, October 24. Robert W. Baird has “Hold” rating and $74.0 target. Stifel Nicolaus maintained it with “Hold” rating and $76 target in Wednesday, October 25 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, October 24. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, January 30 report. As per Thursday, May 18, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Hold” rating by Jefferies given on Wednesday, July 22. The stock of Pentair plc (NYSE:PNR) earned “Overweight” rating by JP Morgan on Tuesday, May 1. Goldman Sachs maintained the stock with “Sell” rating in Thursday, June 1 report.

First Eagle Investment Management Llc decreased M & T Bk Corp (NYSE:MTB) stake by 41,739 shares to 7,032 valued at $1.30 million in 2018Q1. It also reduced Praxair Inc (NYSE:PX) stake by 372,907 shares and now owns 1.80 million shares. W R Berkley Corporation (NYSE:WRB) was reduced too.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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