Sound Shore Management Has Cut Its Position in Pentair Plc (PNR) by $2.64 Million as Stock Value Rose; Wealth Enhancement Advisory Services Has Decreased Intel (INTC) Position by $2.80 Million as Stock Price Declined

January 14, 2018 - By Dolores Ford

Sound Shore Management Inc decreased its stake in Pentair Plc (PNR) by 1.71% based on its latest 2017Q3 regulatory filing with the SEC. Sound Shore Management Inc sold 39,331 shares as the company’s stock rose 15.45% with the market. The institutional investor held 2.26 million shares of the industrial machinery and components company at the end of 2017Q3, valued at $153.90M, down from 2.30 million at the end of the previous reported quarter. Sound Shore Management Inc who had been investing in Pentair Plc for a number of months, seems to be less bullish one the $13.40 billion market cap company. The stock decreased 0.50% or $0.37 during the last trading session, reaching $73.76. About 1.43M shares traded or 57.83% up from the average. Pentair plc (NYSE:PNR) has risen 14.99% since January 14, 2017 and is uptrending. It has underperformed by 1.71% the S&P500.

Wealth Enhancement Advisory Services Llc decreased its stake in Intel Corp (INTC) by 51.18% based on its latest 2017Q3 regulatory filing with the SEC. Wealth Enhancement Advisory Services Llc sold 71,864 shares as the company’s stock declined 2.96% while stock markets rallied. The institutional investor held 68,538 shares of the semiconductors company at the end of 2017Q3, valued at $2.72M, down from 140,402 at the end of the previous reported quarter. Wealth Enhancement Advisory Services Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $202.36 billion market cap company. The stock decreased 0.39% or $0.17 during the last trading session, reaching $43.24. About 29.97M shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since January 14, 2017 and is uptrending. It has outperformed by 2.77% the S&P500.




Since September 28, 2017, it had 0 insider purchases, and 1 insider sale for $348,400 activity.

Analysts await Pentair plc (NYSE:PNR) to report earnings on January, 30. They expect $0.93 earnings per share, up 19.23% or $0.15 from last year’s $0.78 per share. PNR’s profit will be $168.89M for 19.83 P/E if the $0.93 EPS becomes a reality. After $0.95 actual earnings per share reported by Pentair plc for the previous quarter, Wall Street now forecasts -2.11% negative EPS growth.

Among 23 analysts covering Pentair Inc. (NYSE:PNR), 8 have Buy rating, 3 Sell and 12 Hold. Therefore 35% are positive. Pentair Inc. had 72 analyst reports since July 22, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of PNR in report on Friday, December 18 with “Hold” rating. Morgan Stanley initiated Pentair plc (NYSE:PNR) on Thursday, October 15 with “Equal-Weight” rating. The firm has “Hold” rating given on Tuesday, May 30 by Jefferies. The rating was maintained by RBC Capital Markets on Wednesday, October 11 with “Buy”. Jefferies maintained Pentair plc (NYSE:PNR) rating on Monday, September 18. Jefferies has “Hold” rating and $59.0 target. Morgan Stanley maintained Pentair plc (NYSE:PNR) rating on Monday, October 2. Morgan Stanley has “Overweight” rating and $74 target. KeyBanc Capital Markets maintained Pentair plc (NYSE:PNR) rating on Tuesday, October 24. KeyBanc Capital Markets has “Buy” rating and $80.0 target. The firm earned “Hold” rating on Tuesday, July 19 by Vertical Research. RBC Capital Markets maintained it with “Outperform” rating and $60 target in Friday, December 18 report. Jefferies maintained the stock with “Hold” rating in Thursday, July 13 report.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.11, from 1.15 in 2017Q2. It fall, as 24 investors sold PNR 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. Wellington Shields Cap Mngmt Ltd Co holds 3,316 shares or 0.03% of its portfolio. Bancshares Of Montreal Can reported 0% stake. Zeke Capital Advsr Ltd Limited Liability Company reported 24,919 shares or 0.23% of all its holdings. Franklin Res holds 6.86 million shares. Smithfield Company reported 0% of its portfolio in Pentair plc (NYSE:PNR). Toronto Dominion Financial Bank reported 0.01% in Pentair plc (NYSE:PNR). 487,491 were accumulated by Gotham Asset Management Lc. Qs Investors Limited Liability Corporation holds 0% or 2,004 shares in its portfolio. M&T Bankshares accumulated 26,152 shares. Bragg Advisors owns 0.09% invested in Pentair plc (NYSE:PNR) for 9,076 shares. First Manhattan Communications stated it has 0.03% of its portfolio in Pentair plc (NYSE:PNR). Ameriprise Fincl owns 102,087 shares for 0% of their portfolio. Eaton Vance Management accumulated 0.01% or 64,587 shares. Live Your Vision Llc holds 0% of its portfolio in Pentair plc (NYSE:PNR) for 1 shares. 126,268 are held by Great West Life Assurance Company Can.

Sound Shore Management Inc, which manages about $6.15 billion and $6.12 billion US Long portfolio, upped its stake in Cbs Corporation (NYSE:CBS) by 603,157 shares to 2.44M shares, valued at $141.54 million in 2017Q3, according to the filing. It also increased its holding in International Paper Company (NYSE:IP) by 263,372 shares in the quarter, for a total of 3.62 million shares, and has risen its stake in Oracle Corporation (NYSE:ORCL).

Among 54 analysts covering Intel Corporation (NASDAQ:INTC), 34 have Buy rating, 5 Sell and 15 Hold. Therefore 63% are positive. Intel Corporation had 207 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Bernstein on Friday, July 8 to “Market Perform”. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. The firm has “Buy” rating given on Monday, September 19 by Needham. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Thursday, April 7 by Brean Capital. As per Thursday, July 21, the company rating was maintained by Canaccord Genuity. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Monday, August 31 by Canaccord Genuity. The firm has “Buy” rating by UBS given on Monday, March 21. On Monday, August 24 the stock rating was maintained by M Partners with “Buy”. The stock has “Buy” rating by Needham on Saturday, August 29. The firm has “Hold” rating by RBC Capital Markets given on Friday, October 6.

Investors sentiment is 1.03 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 52 investors sold INTC shares while 663 reduced holdings. only 127 funds opened positions while 608 raised stakes. 3.05 billion shares or 0.19% more from 3.05 billion shares in 2017Q2 were reported. Arvest Bankshares Trust Division reported 433,504 shares or 1.18% of all its holdings. Private Ocean Ltd Co reported 0.01% in Intel Corporation (NASDAQ:INTC). Sit Assocs reported 889,807 shares. 27,224 were accumulated by Signaturefd Ltd Co. Rafferty Asset Ltd Liability has 0.48% invested in Intel Corporation (NASDAQ:INTC). Hedeker Wealth Ltd Limited Liability Company has invested 1.56% in Intel Corporation (NASDAQ:INTC). Cognios Lc reported 6,781 shares or 0.1% of all its holdings. Harris Associates Limited Partnership has invested 0.98% of its portfolio in Intel Corporation (NASDAQ:INTC). Northstar Incorporated invested 0.67% of its portfolio in Intel Corporation (NASDAQ:INTC). Sun Life Fincl Incorporated stated it has 0.17% in Intel Corporation (NASDAQ:INTC). Credit Cap Ltd reported 2.1% of its portfolio in Intel Corporation (NASDAQ:INTC). Old Second State Bank Of Aurora reported 2.71% stake. Stelliam LP holds 1.69% of its portfolio in Intel Corporation (NASDAQ:INTC) for 1.45 million shares. Beech Hill Advsrs reported 2.85% of its portfolio in Intel Corporation (NASDAQ:INTC). Burney Com accumulated 0.3% or 134,641 shares.

Wealth Enhancement Advisory Services Llc, which manages about $3.07B and $1.21B US Long portfolio, upped its stake in Schwab Strategic Tr (SCHC) by 105,347 shares to 1.46 million shares, valued at $52.14 million in 2017Q3, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 9,196 shares in the quarter, for a total of 20,684 shares, and has risen its stake in Schwab Strategic Tr (SCHX).

Since July 31, 2017, it had 0 buys, and 10 sales for $31.43 million activity. Krzanich Brian M sold $2.40M worth of Intel Corporation (NASDAQ:INTC) on Monday, October 2. $67,048 worth of Intel Corporation (NASDAQ:INTC) was sold by Bryant Diane M. Another trade for 472,337 shares valued at $20.89M was made by Smith Stacy J on Monday, October 30. The insider BRYANT ANDY D sold $3.99 million. RENDUCHINTALA VENKATA S M had sold 13,996 shares worth $496,438.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on January, 25. They expect $0.86 EPS, up 8.86% or $0.07 from last year’s $0.79 per share. INTC’s profit will be $4.02B for 12.57 P/E if the $0.86 EPS becomes a reality. After $1.01 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -14.85% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: