Calamos Advisors LLC Has $13.28 Million Holdings in Pentair plc (NYSE:PNR)

Calamos Advisors LLC lessened its holdings in shares of Pentair plc (NYSE:PNR) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,670 shares of the industrial products company’s stock after selling 2,386 shares during the quarter. Calamos Advisors LLC’s holdings in Pentair were worth $13,282,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after buying an additional 202 shares during the period. Brinker Capital Investments LLC raised its stake in shares of Pentair by 3.5% in the 1st quarter. Brinker Capital Investments LLC now owns 5,995 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 204 shares during the period. Ieq Capital LLC raised its stake in shares of Pentair by 5.1% in the 3rd quarter. Ieq Capital LLC now owns 4,217 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Pentair by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,984 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 207 shares during the period. Finally, Quent Capital LLC raised its stake in shares of Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. BNP Paribas initiated coverage on Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price target on the stock. Barclays lifted their price target on Pentair from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average price target of $87.33.

Pentair Trading Up 0.1 %

Pentair stock opened at $78.53 on Friday. Pentair plc has a 52 week low of $51.38 and a 52 week high of $85.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The stock has a market capitalization of $13.04 billion, a P/E ratio of 20.94, a PEG ratio of 1.50 and a beta of 1.20. The stock has a 50-day simple moving average of $80.02 and a 200 day simple moving average of $71.45.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million during the quarter, compared to analysts’ expectations of $975.36 million. During the same quarter last year, the company posted $0.82 earnings per share. Pentair’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that Pentair plc will post 4.2 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is currently 24.53%.

Pentair Company Profile

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. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.