B. Riley Wealth Advisors Inc. Has $861,000 Holdings in Pentair plc (NYSE:PNR)

B. Riley Wealth Advisors Inc. raised its holdings in Pentair plc (NYSE:PNR) by 82.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,844 shares of the industrial products company’s stock after buying an additional 5,366 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Pentair were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in Pentair by 191.8% during the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock valued at $5,122,000 after purchasing an additional 46,290 shares during the last quarter. UBS Group AG lifted its stake in shares of Pentair by 5.2% during the 4th quarter. UBS Group AG now owns 479,261 shares of the industrial products company’s stock worth $34,847,000 after buying an additional 23,494 shares during the last quarter. Point72 Europe London LLP bought a new stake in shares of Pentair during the 4th quarter worth about $921,000. Kodai Capital Management LP acquired a new position in Pentair in the 4th quarter valued at about $173,280,000. Finally, Principal Securities Inc. bought a new position in Pentair in the 4th quarter valued at about $1,121,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pentair

In other news, CEO Jerome O. Pedretti sold 24,747 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the completion of the transaction, the chief executive officer now directly owns 38,538 shares in the company, valued at $3,254,534.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Pentair Stock Down 0.3 %

NYSE PNR opened at $79.32 on Friday. The business has a fifty day moving average price of $80.56 and a two-hundred day moving average price of $77.09. The stock has a market capitalization of $13.17 billion, a PE ratio of 21.10, a PEG ratio of 1.37 and a beta of 1.22. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $85.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.91 EPS. Pentair’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts expect that Pentair plc will post 4.24 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, July 19th. Pentair’s dividend payout ratio is 24.47%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PNR shares. Mizuho boosted their price objective on Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, April 15th. UBS Group increased their price objective on Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup boosted their target price on shares of Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus raised their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

About Pentair

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.