B. Riley Wealth Advisors Inc. Lowers Stock Position in Pentair plc (NYSE:PNR)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,210 shares of the industrial products company's stock after selling 2,798 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Pentair were worth $927,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Pentair by 55.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 287 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Pentair in the 4th quarter valued at $289,000. Norges Bank purchased a new stake in shares of Pentair in the 4th quarter valued at $36,568,000. Q3 Asset Management purchased a new stake in shares of Pentair in the 4th quarter valued at $320,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Pentair by 91.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,150 shares of the industrial products company's stock valued at $418,000 after acquiring an additional 1,986 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of NYSE PNR traded down $0.76 during mid-day trading on Monday, reaching $98.42. The company's stock had a trading volume of 928,671 shares, compared to its average volume of 1,505,997. The stock has a 50-day moving average of $89.94 and a two-hundred day moving average of $96.04. The stock has a market capitalization of $16.19 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the prior year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio is currently 25.84%.

Insider Activity at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on PNR shares. Barclays upped their price objective on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird decreased their target price on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Mizuho set a $100.00 target price on shares of Pentair in a research note on Tuesday, April 22nd. Finally, Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $107.14.

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.