Analysts Offer Insights on Conglomerates Companies: Pentair (NYSE: PNR) and Woodward (NASDAQ: WWD)

By Carrie Williams

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Pentair (NYSE: PNR) and Woodward (NASDAQ: WWD).

Pentair (NYSE: PNR)

In a report released today, Jeffrey Hammond from KeyBanc upgraded Pentair (NYSE: PNR) to Buy. The company’s shares closed yesterday at $65.22.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 9.6% and a 62.5% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Watts Water Technologies, and Manitowoc Foodservice.

Currently, the analyst consensus on Pentair is Moderate Buy and the average price target is $67.50, representing a 3.5% upside.

In a report issued on May 9, UBS also reiterated a Buy rating on the stock with a $74 price target.
Woodward (NASDAQ: WWD)

Jefferies analyst Howard Rubel reiterated a Hold rating on Woodward (NASDAQ: WWD) today and set a price target of $73. The company’s shares closed yesterday at $66.48.

According to TipRanks.com, Rubel is a top 25 analyst with an average return of 17.4% and a 80.8% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as American Outdoor Brands Corp, United Technologies Corp, and Honeywell International.

Woodward has an analyst consensus of Hold, with a price target consensus of $73.

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