Calamos Advisors LLC grew its position in shares of Pentair PLC (NYSE:PNR) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,563 shares of the industrial products company’s stock after purchasing an additional 1,652 shares during the quarter. Calamos Advisors LLC owned approximately 0.10% of Pentair worth $7,325,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of PNR. CSat Investment Advisory L.P. increased its holdings in shares of Pentair by 47.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Enlightenment Research LLC purchased a new position in shares of Pentair during the 4th quarter valued at approximately $42,000. Mercer Capital Advisers Inc. increased its holdings in shares of Pentair by 52.0% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 650 shares in the last quarter. ETF Managers Group LLC increased its holdings in shares of Pentair by 19.6% during the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 325 shares in the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new stake in Pentair in the 4th quarter valued at $156,000. 85.80% of the stock is owned by hedge funds and other institutional investors.
In other Pentair news, COO Karl R. Frykman sold 10,241 shares of Pentair stock in a transaction on Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the sale, the chief operating officer now owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $109,575.00. Following the sale, the senior vice president now directly owns 2,763 shares in the company, valued at approximately $124,335. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,942 shares of company stock worth $543,730. 0.80% of the stock is currently owned by corporate insiders.
Pentair stock opened at $40.06 on Friday. Pentair PLC has a 1 year low of $35.30 and a 1 year high of $72.96. The firm has a market capitalization of $6.86 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27.
Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The firm had revenue of $740.50 million for the quarter, compared to analysts’ expectations of $735.74 million. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Pentair PLC will post 2.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 annualized dividend and a yield of 1.80%. Pentair’s dividend payout ratio (DPR) is presently 30.64%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer reissued a “hold” rating on shares of Pentair in a research note on Thursday, February 14th. ValuEngine cut shares of Pentair from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Finally, Morgan Stanley assumed coverage on shares of Pentair in a research note on Tuesday, December 18th. They issued an “equal weight” rating and a $41.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Pentair currently has an average rating of “Hold” and an average target price of $45.90.
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Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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