TD Cowen analyst Joseph C Giordano maintained a Buy rating on Pentair (PNR – Research Report) today and set a price target of $115.00.
Joseph C Giordano has given his Buy rating due to a combination of factors that highlight Pentair’s strategic positioning and financial management. The company has shown a commendable performance in the recent quarter, with estimates slightly increasing despite challenging market conditions. This indicates strong operational execution by the management.
Furthermore, Pentair is effectively managing tariff challenges by implementing pricing strategies that are not temporary surcharges, ensuring that price increases remain even if tariffs decrease. The company’s financial strategy is also robust, with expectations of significant share buybacks and debt reduction, which could enhance earnings per share and improve financial flexibility. These elements collectively contribute to a positive outlook for Pentair’s stock, justifying the Buy rating.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $100.00 price target.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNR in relation to earlier this year.