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Pentair (PNR) Gets a Hold from Barclays

Tipranks - Fri Mar 6, 1:58AM CST

Barclays analyst Julian Mitchell maintained a Hold rating on Pentair today and set a price target of $102.00.

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According to TipRanks, Mitchell is a 5-star analyst with an average return of 16.7% and a 66.20% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Honeywell International, Lennox International, and Carrier Global.

In addition to Barclays, Pentair also received a Hold from KeyBanc’s Jeffrey Hammond in a report issued today. However, on March 1, Stifel Nicolaus maintained a Buy 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 69 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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