April 27, 2016

Sanford C. Bernstein Upgrades Pentair (PNR)

Pentair plc. Ordinary Share (NYSE:PNR) was upgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. raised its position in shares of Pentair plc. Ordinary Share by 4.5% in the first quarter. Raymond James Trust N.A. now owns 6,296 shares of the company’s stock worth $342,000 after buying an additional 269 shares in the last quarter. Benedict Financial Advisors Inc. raised its position in shares of Pentair plc. Ordinary Share by 2.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 9,412 shares of the company’s stock worth $466,000 after buying an additional 225 shares in the last quarter. Capstone Asset Management Company raised its position in shares of Pentair plc. Ordinary Share by 6.0% in the fourth quarter. Capstone Asset Management Company now owns 13,233 shares of the company’s stock worth $655,000 after buying an additional 747 shares in the last quarter.
Source: American Banking and Market News