Pentair PLC (Ireland) (PNR-N)

They make water filtration pumps, up 42% this year. Trades at 15x PE 2023, cheaper than Xylem. His favourite under-the-radar infrastructure stock.

(A Top Pick August 18, 2017. Up 6%). Pentair split itself into two companies: water infrastructure (Pentair) and electrical components (nVent, NVT-N). He continues to own both, but more of the water infrastructure company (Pentair). He expects to buy more nVent in the future because they have the industry-leading position in electrical containment.

It is now a pure pump company. It is a world class company. It has sold off and because of this. He is taking a look at it. He feels they have come off for temporary reasons.

It is in the water and electrical business. In May they are breaking into two and he will own two. It has raised its dividend for over 40 years. (Analysts’ target: $73.75).

They are in two main businesses: Electrical and Water solutions. They are going to split the company in two in 2018. They have raised their dividend for 40 straight years. (Analysts' target: $67.00).

(A Top Pick Feb 3/16. Up 32.08%.) He likes stocks that are in the water business in various ways. This is based in the UK, incorporated in Ireland, and run out of the US. They are in the movement of fluids with pumps, etc. A lot of their business is energy related which held them back. As energy prices improve, that should be good for them.

(A Top Pick Aug 19/15. Up 1.01%.) He bought this because they have a big exposure to the water business, pumps, valves, etc. Thinks the water area is a growth area. What has held the stock back is that a lot of fluid filters, pumps, etc. are in the energy area.

This is big in valves, flow controls, etc. It moves water, but a lot of what it does is oil as well as in pipelines, etc. In the near term that is hurting them, but their other areas are growing nicely. Dividend yield of 2.9%.

Likes the water processing business and had owned Pall Corp (PLL-N), but another company is taking it over. He still wants to be in water processing. This one is incorporated in Ireland. For tax purposes it is out of the UK, but is actually run out of Minneapolis. They make pumps, valves, infiltration equipment, flow measurements, etc. Has traded at a premium multiple for most of its existence, but because most of its business is outside of the US, the US$ is hurting it. Has a pretty good representation in the energy patch too, so people are hurting it. A rare opportunity to Buy a premium stock at a market multiple. Also, increases its dividend on a regular basis. Dividend yield of 2.11%.