Calamos Advisors LLC raised its position in Pentair PLC (NYSE:PNR) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 35,568 shares of the company’s stock after buying an additional 13 shares during the period. Calamos Advisors LLC’s holdings in Pentair PLC were worth $2,073,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Citizens Financial Group Inc RI raised its stake in Pentair PLC by 1,057.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,268 shares of the company’s stock valued at $123,000 after buying an additional 2,072 shares during the period. IFP Advisors Inc raised its stake in Pentair PLC by 6.8% in the first quarter. IFP Advisors Inc now owns 2,380 shares of the company’s stock valued at $129,000 after buying an additional 151 shares during the period. NEXT Financial Group Inc raised its stake in Pentair PLC by 24.1% in the second quarter. NEXT Financial Group Inc now owns 3,602 shares of the company’s stock valued at $209,000 after buying an additional 700 shares during the period. Cleararc Capital Inc. raised its stake in Pentair PLC by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,466 shares of the company’s stock valued at $242,000 after buying an additional 47 shares during the period. Finally, Boys Arnold & Co. Inc. purchased a new stake in Pentair PLC during the second quarter valued at approximately $242,000. Institutional investors own 90.53% of the company’s stock.
Shares of Pentair PLC (NYSE:PNR) traded down 2.84% during trading on Tuesday, reaching $62.18. 1,734,542 shares of the company were exchanged. Pentair PLC has a 1-year low of $41.57 and a 1-year high of $66.99. The stock’s 50 day moving average is $62.75 and its 200 day moving average is $59.96. The company’s market capitalization is $11.26 billion.
Pentair PLC (NYSE:PNR) last announced its earnings results on Thursday, July 28th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. Pentair PLC had a net margin of 6.91% and a return on equity of 17.25%. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Pentair PLC will post $3.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Friday, October 21st will be issued a dividend of $0.34 per share. This is a boost from Pentair PLC’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 2.19%. Pentair PLC’s dividend payout ratio is currently 52.80%.
Several research firms have commented on PNR. Vertical Research began coverage on shares of Pentair PLC in a research note on Tuesday, July 19th. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Pentair PLC from a “hold” rating to a “strong sell” rating in a research note on Monday, August 29th. Morgan Stanley reiterated a “hold” rating and issued a $68.00 price objective on shares of Pentair PLC in a research note on Friday, August 26th. Cowen and Company lowered shares of Pentair PLC from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $64.05 to $55.00 in a research note on Thursday, September 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Pentair PLC in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $59.81.
In other news, Chairman Randall J. Hogan sold 3,200 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $64.00, for a total value of $204,800.00. Following the completion of the sale, the chairman now directly owns 5,522 shares of the company’s stock, valued at $353,408. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark C. Borin sold 13,326 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $65.19, for a total transaction of $868,721.94. Following the completion of the sale, the insider now directly owns 32,209 shares of the company’s stock, valued at $2,099,704.71. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
About Pentair PLC
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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