In a report issued on October 20, Julian Mitchell from Barclays maintained a Sell rating on Pentair (PNR), with a price target of $46.00. The company’s shares closed last Wednesday at $51.18.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.9% and a 69.5% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.
Pentair has an analyst consensus of Moderate Buy, with a price target consensus of $52.45.
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Pentair’s market cap is currently $8.28B and has a P/E ratio of 24.80. The company has a Price to Book ratio of -12.06.
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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.
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