This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Pentair (PNR) Gets a Buy from Stifel Nicolaus

Tipranks - Wed Apr 15, 6:29AM CDT

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Pentair, with a price target of $110.00.

Claim 30% Off TipRanks

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.