Longer Investments Has Decreased Johnson & Johnson (JNJ) Position; Glenview Capital Management Increased Pentair Plc (PNR) Holding By $32.45 Million

May 22, 2018 - By Michael Collier

Johnson & Johnson (NYSE:JNJ) Logo

Glenview Capital Management Llc increased Pentair Plc (PNR) stake by 26.17% reported in 2017Q4 SEC filing. Glenview Capital Management Llc acquired 463,580 shares as Pentair Plc (PNR)’s stock declined 2.08%. The Glenview Capital Management Llc holds 2.23 million shares with $157.82M value, up from 1.77M last quarter. Pentair Plc now has $8.30 billion valuation. The stock increased 1.04% or $0.48 during the last trading session, reaching $46.5. About 1.68 million shares traded. Pentair plc (NYSE:PNR) has risen 11.82% since May 22, 2017 and is uptrending. It has outperformed by 0.27% the S&P500.

Longer Investments Inc decreased Johnson & Johnson (JNJ) stake by 23.34% reported in 2017Q4 SEC filing. Longer Investments Inc sold 3,590 shares as Johnson & Johnson (JNJ)’s stock declined 9.21%. The Longer Investments Inc holds 11,792 shares with $1.65 million value, down from 15,382 last quarter. Johnson & Johnson now has $331.84B valuation. The stock decreased 0.42% or $0.52 during the last trading session, reaching $123.72. About 5.56 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 22, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Since January 3, 2018, it had 0 insider buys, and 2 selling transactions for $7.32 million activity. Stauch John L had sold 2,392 shares worth $168,166 on Wednesday, January 3. HOGAN RANDALL J also sold $7.15 million worth of Pentair plc (NYSE:PNR) shares.

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 firm has “Buy” rating by UBS given on Wednesday, April 27. The stock of Pentair plc (NYSE:PNR) earned “Sell” rating by Cowen & Co on Thursday, January 25. The stock of Pentair plc (NYSE:PNR) earned “Outperform” rating by RBC Capital Markets on Wednesday, July 22. The company was maintained on Friday, January 12 by Susquehanna. On Tuesday, October 24 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Stifel Nicolaus on Wednesday, January 31 with “Hold”. The company was maintained on Monday, June 5 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, December 18. KeyBanc Capital Markets downgraded Pentair plc (NYSE:PNR) on Thursday, May 17 to “Sector Weight” rating. The rating was downgraded by William Blair to “Market Perform” on Wednesday, July 22.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.14, from 1.04 in 2017Q3. It is positive, as 31 investors sold PNR shares while 139 reduced holdings. 66 funds opened positions while 134 raised stakes. 154.07 million shares or 1.95% more from 151.12 million shares in 2017Q3 were reported. Advisory Service Network Limited Liability Corp holds 0.01% in Pentair plc (NYSE:PNR) or 1,683 shares. Manchester Cap Mgmt Ltd Llc owns 0.13% invested in Pentair plc (NYSE:PNR) for 12,486 shares. 784,119 were accumulated by Goldman Sachs Group Inc Inc. Griffin Asset Mngmt Incorporated has 0.08% invested in Pentair plc (NYSE:PNR). Ameritas Prns stated it has 5,485 shares or 0.07% of all its holdings. 59,888 are owned by Bb&T Secs Ltd Liability Corporation. Ci Invs has invested 0% in Pentair plc (NYSE:PNR). Moreover, Cornerstone Advisors Inc has 0.02% invested in Pentair plc (NYSE:PNR). Svcs owns 0.14% invested in Pentair plc (NYSE:PNR) for 4,010 shares. First Manhattan owns 74,377 shares. Amalgamated National Bank, a New York-based fund reported 20,854 shares. Duncker Streett & has 1,532 shares for 0.03% of their portfolio. Guggenheim Cap Ltd accumulated 978,496 shares or 0.16% of the stock. Hanson And Doremus Invest Mngmt reported 3,385 shares or 0.08% of all its holdings. Tcw Gp Inc invested in 0.76% or 1.33 million shares.

More news for Pentair plc (NYSE:PNR) were recently published by: Seekingalpha.com, which released: “Pentair Spin-Off Of nVent Looks Better Than The Parent” on May 03, 2018. Streetinsider.com‘s article titled: “nVent Electric (NVT) Announces Completion of Separation from Pentair (PNR)” and published on April 30, 2018 is yet another important article.

Glenview Capital Management Llc decreased Kindred Healthcare Inc (NYSE:KND) stake by 2.23 million shares to 1.99 million valued at $19.31 million in 2017Q4. It also reduced Alphabet Inc stake by 116,358 shares and now owns 491,752 shares. Monsanto Co New (NYSE:MON) was reduced too.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.05 earnings per share, up 12.02% or $0.22 from last year’s $1.83 per share. JNJ’s profit will be $5.50 billion for 15.09 P/E if the $2.05 EPS becomes a reality. After $2.06 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -0.49% negative EPS growth.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Congo begins Ebola vaccinations” on May 21, 2018, also Seekingalpha.com with their article: “Johnson & Johnson (JNJ) Presents at UBS Health Care Brokers Conference (Transcript)” published on May 21, 2018, Livetradingnews.com published: “Johnson & Johnson (NYSE:JNJ) Heffx Stock Technicals” on May 18, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson: Waiting On The Wave” published on May 11, 2018 as well as 247Wallst.com‘s news article titled: “Johnson & Johnson Commits to Yet Another Dividend Hike” with publication date: April 26, 2018.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 101 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by Leerink Swann on Wednesday, October 18. The firm earned “Buy” rating on Monday, October 9 by Wells Fargo. The rating was maintained by Jefferies with “Hold” on Tuesday, June 14. RBC Capital Markets maintained the shares of JNJ in report on Monday, July 10 with “Buy” rating. Barclays Capital maintained it with “Equal-Weight” rating and $148 target in Wednesday, October 18 report. The company was reinitiated on Monday, October 5 by Piper Jaffray. The firm has “Outperform” rating by Credit Suisse given on Friday, April 20. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 14. As per Wednesday, October 19, the company rating was maintained by UBS. Cowen & Co maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, August 25 with “Outperform” rating.

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.04, from 0.83 in 2017Q3. It improved, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Financial Advisory Ser Inc has 0.56% invested in Johnson & Johnson (NYSE:JNJ) for 15,322 shares. Bancorporation invested in 122,030 shares. Citizens And Northern has invested 0.86% of its portfolio in Johnson & Johnson (NYSE:JNJ). White Pine Cap Limited holds 40,938 shares. Homrich Berg invested 0.39% in Johnson & Johnson (NYSE:JNJ). Doheny Asset Mgmt Ca holds 2.72% or 41,823 shares in its portfolio. 140,990 are held by Kelly Lawrence W And Associates Ca. Ar Asset Mngmt Inc stated it has 2.02% of its portfolio in Johnson & Johnson (NYSE:JNJ). First Republic Investment Management, a California-based fund reported 977,828 shares. Old Second Commercial Bank Of Aurora has 40,852 shares for 2.26% of their portfolio. Gillespie Robinson Grimm owns 4.1% invested in Johnson & Johnson (NYSE:JNJ) for 232,055 shares. Eagleclaw Cap Managment Ltd Com reported 12,595 shares stake. Saybrook Cap Nc holds 3.84% or 59,482 shares. Tiaa Cref Investment Limited Company owns 1.17% invested in Johnson & Johnson (NYSE:JNJ) for 12.69 million shares. Comerica reported 15,138 shares stake.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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.

By1 Michael Collier

Automatic Stock Updates

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