5 Best Undervalued Aristocrats to Buy in September

3. Pentair plc (NYSE:PNR)

P/E Ratio: 13.24

Up next on our list of undervalued aristocrats is Pentair plc (NYSE:PNR), an American water treatment company that provides related services to its consumers. In July, Cowen reiterated its Outperform rating on the stock with a $65 price target, appreciating the company’s guidance, which was above investors’ expectations. The firm also highlighted the company’s pool business and its future prospects.

In Q2 2022, Pentair plc (NYSE:PNR) reported revenue of $1.02 billion, which showed an 8.4% year-over-year growth. The company’s operating cash flow for the quarter came in at $308 million and its free cash flow stood at $288 million. It paid $69.5 million in dividends during the quarter.

Pentair plc (NYSE:PNR) has been raising its dividends consistently for the past 46 years. The company currently pays a quarterly dividend of $0.21 per share and has a dividend yield of 1.86%, as of September 7.

At the end of June 2022, 31 hedge funds tracked by Insider Monkey owned stakes in Pentair plc (NYSE:PNR), compared with 38 in the previous quarter. The consolidated value of these stakes is roughly $947 million. Impax Asset Management was the company’s leading stakeholder in Q2, owning over 12.3 million shares.