Pentair (PNR) Receives a Buy from RBC Capital

RBC Capital analyst Deane Dray maintained a Buy rating on Pentair yesterday and set a price target of $117.00. The company’s shares closed yesterday at $96.93.

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Dray covers the Industrials sector, focusing on stocks such as Lennox International, Dover, and Pentair. According to TipRanks, Dray has an average return of 14.1% and a 63.13% success rate on recommended stocks.

Currently, the analyst consensus on Pentair is a Moderate Buy with an average price target of $118.23, representing a 21.97% upside. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $126.00 price target.

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.