Pentair (PNR) Gets a Buy from Stifel Nicolaus
In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Pentair, with a price target of $110.00.
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According to TipRanks, Jones is a top 100 analyst with an average return of 22.6% and a 72.73% success rate. Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, A. O. Smith Corporation, and Curtiss-Wright.
In addition to Stifel Nicolaus, Pentair also received a Buy from Citi’s Andrew Kaplowitz in a report issued yesterday. However, on April 1, Barclays maintained a Hold rating on Pentair (NYSE: PNR).
Based on Pentair’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.02 billion and a net profit of $166.1 million. In comparison, last year the company earned a revenue of $972.9 million and had a net profit of $166.4 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNR in relation to earlier this year.
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