Pentair PLC

PNR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$46.00	Xtdtt	Xvkycqdb

Lowering Our Fair Value Estimate for Pentair as We Expect Pool Volume to Decline in 2023

Krzysztof Smalec

Oct 26, 2022

Narrow-moat Pentair delivered solid third-quarter results, featuring an 11% year-over-year increase in adjusted EPS to $0.99 from $0.89. After reviewing our forecast, we’ve lowered our fair value estimate to $60 per share from $65, which reflects our more muted revenue growth estimates for the pool business.

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