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Pentair (PNR) Gets a Buy from Oppenheimer

Tipranks - Tue Jan 27, 12:16PM CST

Oppenheimer analyst Bryan Blair maintained a Buy rating on Pentair today and set a price target of $128.00.

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Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, ITT, and Lincoln Electric Holdings. According to TipRanks, Blair has an average return of 20.0% and a 68.62% success rate on recommended stocks.

In a report released on January 16, J.P. Morgan also maintained a Buy rating on the stock with a $124.00 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 61 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. Last month, Michael T. Glenn, a Director at PNR sold 6,558.00 shares for a total of $684,196.14.

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