Pentair plc (PNR) is a London-based company that provides water solutions both to consumer and industrial markets. PNR is considered to be a Dividend Aristocrat, as it has been increasing dividend payout for more than 44 consecutive years. However, I would not say PNR is a screaming 'Buy Immediately' for income-oriented investors even despite its relatively strong organic free cash flow to equity and anticipated mid-to-high-single-digit sales growth in 2021-2023. Let's proceed to the details to figure out why.
The top line
For a reader who is perhaps considering going long PNR, it