Natural Investments LLC bought a new position in nVent Electric plc (NYSE:NVT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,239 shares of the company's stock, valued at approximately $834,000.
Several other hedge funds have also modified their holdings of NVT. Crews Bank & Trust acquired a new position in nVent Electric during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC lifted its position in nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. Huntington National Bank lifted its position in nVent Electric by 57.3% during the third quarter. Huntington National Bank now owns 612 shares of the company's stock valued at $43,000 after buying an additional 223 shares in the last quarter. Brooklyn Investment Group acquired a new position in nVent Electric during the third quarter valued at approximately $44,000. Finally, Tsfg LLC acquired a new position in nVent Electric during the fourth quarter valued at approximately $51,000. 90.05% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
NVT has been the topic of a number of recent research reports. Barclays reduced their price target on shares of nVent Electric from $88.00 to $83.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada boosted their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Citigroup reduced their target price on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $86.00.
Read Our Latest Research Report on NVT
nVent Electric Stock Up 2.3 %
Shares of NYSE:NVT opened at $54.76 on Wednesday. The firm has a market cap of $9.04 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The company has a fifty day simple moving average of $65.79 and a 200 day simple moving average of $69.60. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. nVent Electric plc has a 12-month low of $51.99 and a 12-month high of $86.57.
nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, equities research analysts anticipate that nVent Electric plc will post 3.04 EPS for the current fiscal year.
nVent Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. nVent Electric's dividend payout ratio (DPR) is 40.82%.
nVent Electric Profile
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Free Report)
nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.
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