- Pentair has been enjoying some strong performance, with the Pool business seeing well above-average growth as the pandemic led consumers to divert discretionary income to home improvements like pools.
- New-build activity is likely to peter out in 2023, creating some headwinds, but Pentair has opportunities to drive some growth with a growing lineup of automation products.
- Water Treatment can leverage consumer concerns over water quality, offering consumer devices that go beyond just filtration and treatment while the industrial operations can leverage opportunities in carbon capture.
- Pentair offers good growth, margins, and returns relative to other industrials, but the shares are also priced accordingly.
For further details see:
Pentair Establishing Tough Comps, And The Valuation Is No Clear Bargain