#5 - Pentair (NYSE:PNR)
Pentair (NYSE:PNR) is attempting to address two of the current issues with our global water supply. First is the need for home filtration. The company recently introduced the Pentair Rocean Reservoir which is a countertop water filtration system.
Not only will this system help provide cleaner water from the tap; it also helps reduce the need for plastic water bottles. This is potentially a huge driver as companies are trying to discourage plastic bottle usage as part of a more sustainable approach.
Pentair sports one of the best profit margins in its sector and is trading for around 13x earnings. That being said, PNR stock is down about 37% in 2022. However, if the stock has put in a bottom around its 52-week low investors may be rewarded with a stock that analysts tracked by MarketBeat give a price target of $64.91, a 42% upside.
About Pentair
Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.
Read More - Current Price
- $106.91
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $105.13 (1.7% Downside)
