In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Pentair (PNR – Research Report), with a price target of $103.00. The company’s shares closed yesterday at $78.47.
Dray covers the Industrials sector, focusing on stocks such as Eaton, Pentair, and Atkore International Group. According to TipRanks, Dray has an average return of 15.1% and a 64.13% success rate on recommended stocks.
In addition to RBC Capital, Pentair also received a Buy from Barclays’s Julian Mitchell in a report issued today. However, on the same day, Bank of America Securities maintained a Hold rating on Pentair (NYSE: PNR).
PNR market cap is currently $12.97B and has a P/E ratio of 20.96.
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Pentair (PNR) Company Description:
Pentair Plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agriculture applications. Its portfolio of solutions enables people, businesses, and industries to access clean, safe water, reduce water consumption, and recover and reuse it. It operates through the following business segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories. The Filtration Solutions segment distributes water and fluid treatment products and systems, including pressure tanks and vessels, control valves, activated carbon products, conventional filtration products, point-of-entry and point-of-use systems, gas recovery solutions, embrane bioreactors, wastewater reuse systems, and advanced membrane filtration and separation systems. The Flow Technologies segment offers products ranging from light duty diaphragm pumps to high-flow turbine pumps and solid handling pumps. The company was founded by Murray J. Harpole, Vern Stone, Vincent Follmer, Leroy Nelson, and Gary Ostrand on August 31, 1966 and is headquartered in London, the United Kingdom.
