RBC Capital Remains a Hold on Pentair

By Austin Angelo

RBC Capital analyst Deane Dray reiterated a Hold rating on Pentair (NYSE: PNR) on July 10 and set a price target of $48. The company’s shares closed yesterday at $43.52.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.2% and a 59.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.

Pentair has an analyst consensus of Hold, with a price target consensus of $49.63.

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Based on Pentair’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $103 million. In comparison, last year the company had a net profit of $63.1 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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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.