PNR

What You Should Know

Pentair is a global provider of water treatment, filtration, and movement solutions across residential, commercial, and industrial end markets. The product portfolio includes pool pumps, filters, heaters, and automation; water filtration and softening systems for homes and businesses; and industrial water-treatment systems for commercial buildings, food and beverage, and water-intensive process industries. Water treatment and movement are unambiguously permissible — clean-water access is broadly understood as a public-good business. Pentair operates with modest debt that has historically sat within the 33% debt-to-market-cap Sharia threshold, generates strong free cash flow, and has a long history of dividend increases. The customer mix is broad across consumer, commercial, and industrial end markets, with no business-activity-screen concerns. Most major Sharia advisory boards include Pentair in Islamic indices.