Pentair Seeks to Spur Growth With Split Into Two Public Companies: Maintain Our $60 Fair Value
We recently raised our fair value estimate for narrow-moat Pentair to $60 per share based in part on its May 9 decision to separate into two public companies. One will be a water company focused on applied water and fluids processing, and the other an electrical company offering a mix of industrial products and services.The split will also mark the end of Randall Hogan’s 17-year tenure as Pentiar's CEO. Over the past several years he sought to transform Pentair into a much larger company by int...
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