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

Calamos Advisors LLC trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 1.3% during the 4th quarter, according to its most recent disclosure 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 period. Calamos Advisors LLC owned approximately 0.11% of Pentair worth $13,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Pentair by 1.0% in the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock valued at $1,287,364,000 after purchasing an additional 204,416 shares in the last quarter. BlackRock Inc. grew its stake in Pentair by 10.6% in the first quarter. BlackRock Inc. now owns 15,999,717 shares of the industrial products company’s stock valued at $884,304,000 after purchasing an additional 1,526,893 shares in the last quarter. State Street Corp grew its stake in Pentair by 4.4% in the third quarter. State Street Corp now owns 10,611,971 shares of the industrial products company’s stock valued at $431,164,000 after purchasing an additional 443,034 shares in the last quarter. Impax Asset Management Group plc grew its stake in Pentair by 1.3% in the fourth quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock valued at $718,440,000 after purchasing an additional 131,745 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Pentair by 8.2% in the first quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company’s stock valued at $344,045,000 after purchasing an additional 479,701 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of NYSE:PNR opened at $78.53 on Friday. The business has a 50 day moving average price of $80.02 and a 200 day moving average price of $71.45. Pentair plc has a twelve month low of $51.38 and a twelve month high of $85.81. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.50 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The firm had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. Research analysts predict that Pentair plc will post 4.2 earnings per share for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.17%. Pentair’s dividend payout ratio (DPR) is 24.53%.

Wall Street Analysts Forecast Growth

PNR has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research note on Friday, March 22nd. UBS Group upped their price target on Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Mizuho upped their price target on Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays upped their price target on Pentair from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Stifel Nicolaus upped their price target on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Pentair 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.