5 Best Water Stocks To Buy

3. Pentair plc (NYSE:PNR)

Number of Hedge Fund Holders: 36

Pentair plc (NYSE:PNR) is a global provider of water solutions, operating through three segments – Pool, Water Solutions, and Industrial & Flow Technologies. The company designs, manufactures, and sells pool equipment, accessories, and water treatment products for residential and commercial use. 

On October 24, Pentair plc (NYSE:PNR) reported a Q3 non-GAAP EPS of $0.94 and a revenue of $1 billion, outperforming Wall Street estimates by $0.07 and $13.56 million, respectively. 

According to Insider Monkey’s third quarter database, 36 hedge funds were bullish on Pentair plc (NYSE:PNR), compared to 33 funds in the prior quarter. Dmitry Balyasny’s Balyasny Asset Management is a prominent stakeholder of the company, with 3 million shares worth approximately $195 million. 

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