Pentair Receives a Hold from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Nathan Jones maintained a Hold rating on Pentair (NYSE: PNR) today and set a price target of $77. The company’s shares closed on Friday at $70.01.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.8% and a 58.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.

Currently, the analyst consensus on Pentair is Hold and the average price target is $74.88, representing a 7.0% upside.

In a report issued on April 2, UBS also upgraded the stock to Hold with a $73 price target.

Based on Pentair’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $207 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $87.8 million.

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Pentair Plc is a diversified industrial manufacturing company, which engages in the business of industrial manufacturing. It specializes in equipment protection to water, fluid, and in thermal management. It operates through the Water and Electrical segments.