On October 7, Pentair PLC rose 7.4% Overnight, trading at $56.86 per share, with turnover of $15,100. The company completed its $1.4 billion acquisition of Taco Group on October 2, and the target will be integrated into the Water Solutions business segment. Taco Group is a manufacturer of hydronic heating, plumbing, industrial pumping and water-based HVAC equipment. Pentair expects Taco to generate approximately $540 million in revenue in fiscal year 2026, and the deal is expected to be approximately $0.10 to $0.15 accretive to adjusted earnings per diluted share in fiscal year 2027. The acquisition strengthens Pentair's positioning in AI data center liquid cooling and industrial pumps, providing a near-term catalyst for the stock.
Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool.
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