CHICAGO, Nov. 29 /PRNewswire/ -- William Blair & Company today announced that it initiated research coverage of Pentair, Inc. (NYSE:PNR) ($38.34), a diversified designer, manufacturer, and marketer engaged in two primary lines of business: water and enclosures, with a Market Perform rating and company profile of Core Growth.
Analyst Jeffrey Germanotta estimated that the company would earn $1.91 per share in fiscal 2005 and $2.25 per share in fiscal 2006.
"Pentair, a leader in the water industry, is poised to benefit from water scarcity, increasing environmental standards, a heightened need for water quality, and greater demand for water recreational activities," Germanotta said. "Pentair is also the largest competitor in the electronic/electrical enclosures industry, benefiting from digitization and miniaturization in electronic and electrical markets, healthy construction activity, and the proliferation of electrical and electronic devices." Germanotta also noted, "We believe the divestiture of the tools business and the WICOR acquisition have repositioned Pentair for higher long-term revenue growth. Coupled with strong operational disciplines, this should yield superior long-term profitability and cash flow generation, in our view." William Blair & Company, L.L.C. ( http://www.williamblair.com/ ) is a Chicago-based investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, we have been committed to helping clients achieve their financial objectives. As an independent, employee-owned firm, our philosophy is to serve our clients' interests first and foremost. We place a high value on the enduring nature of our client relationships, the quality of our products and services, and the continuity and integrity of our people. William Blair & Company has offices in Chicago, Hartford, London, San Francisco, Tokyo, Vaduz, and Zurich.
William Blair & Company, L.L.C. has received compensation for investment banking services from the company within the past 12 months, or expects to receive or intends to seek compensation for investment banking services in the next 3 months.
For important disclosures and information regarding the firm's rating system, valuation methods and potential conflicts of interest, please visit: http://www.williamblair.com/pages/news_story_dept.asp?uid=939&depID=4 Additional information is available upon request.
William Blair & Company, L.L.C. is a member of the National Association of Securities Dealers, CRD number 1252. DATASOURCE: William Blair & Company, L.L.C.
CONTACT: Tony Zimmer of William Blair & Company, L.L.C., +1-312-364-8611, Web site: http://www.williamblair.com/
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