Pentair (PNR) was downgraded to a Hold Rating at Barclays
Barclays analyst Julian Mitchell downgraded Pentair to a Hold today and set a price target of $115.00.
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According to TipRanks, Mitchell is a 5-star analyst with an average return of 11.1% and a 58.03% success rate. Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Honeywell International, and 3M.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pentair with a $124.27 average price target.
Based on Pentair’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.02 billion and a net profit of $184.3 million. In comparison, last year the company earned a revenue of $993.4 million and had a net profit of $139.6 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. Earlier this month, Michael T. Glenn, a Director at PNR sold 6,558.00 shares for a total of $684,196.14.
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