Pentair plc (PNR), with a market capitalization of approximately $10.6 billion, is a global water-solutions company focused on sustainably moving, improving, and enjoying water. The London, United Kingdom-based company provides residential, commercial, industrial, and pool solutions, including water flow management, treatment, filtration, and pool equipment.
Shares of this leading water-solutions company have considerably underperformed the broader market over the past year. PNR has declined 38% over this period, while the broader S&P 500 Index ($SPX) has rallied 20.4%. On a year-to-date basis, PNR has continued to underperform, plunging 36.5% compared with the index’s 13.7% gain over the same period.