blackredInvestment Thesis I last covered Pentair plc (NYSE:PNR) in May 2024 and talked about its conservative margin guidance. The company has reported better-than-expected Q2 results since then and its strong margin performance drove a good post-earnings rally. I continue to expect strong margin performance moving forward as well. On the revenue side, while a high interest rate environment is impacting sales in the near term, I believe we are close to a reversal in the interest rate cycle and the compa ...