Pentair Focuses on Internal Efficiency as 3Q Results Highlight Mediocre Demand Environment
Narrow moat Pentair’s third-quarter results reflect a continuation of two broad trends: softness in corporate capital spending and broader industrial demand; and management’s determination to continue to aggressively reshape itself in response to a sluggish and evolving demand environment.We anticipate little change in our $56 fair value estimate, which approximates the current share price, based upon mostly in line third-quarter results and management’s cautious year-ahead outlook and guidance...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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