nVent Electric plc (NYSE:NVT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its position in nVent Electric plc (NYSE:NVT - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,951 shares of the company's stock after selling 11,605 shares during the period. Blair William & Co. IL's holdings in nVent Electric were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVT. MassMutual Private Wealth & Trust FSB raised its holdings in shares of nVent Electric by 26.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company's stock worth $53,000 after acquiring an additional 162 shares during the last quarter. Calamos Advisors LLC raised its position in shares of nVent Electric by 1.6% in the fourth quarter. Calamos Advisors LLC now owns 11,468 shares of the company's stock valued at $782,000 after buying an additional 176 shares during the last quarter. Keybank National Association OH boosted its position in nVent Electric by 2.5% during the fourth quarter. Keybank National Association OH now owns 9,509 shares of the company's stock worth $648,000 after acquiring an additional 229 shares during the last quarter. CIBC Asset Management Inc raised its holdings in nVent Electric by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 5,078 shares of the company's stock valued at $346,000 after acquiring an additional 255 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of nVent Electric by 25.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,283 shares of the company's stock worth $88,000 after purchasing an additional 264 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

NVT has been the topic of a number of research analyst reports. Barclays decreased their price target on nVent Electric from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Citigroup decreased their price target on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada lifted their target price on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, February 7th. The Goldman Sachs Group dropped their price target on nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, KeyCorp reduced their price objective on nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $75.00.

nVent Electric Stock Up 15.0 %

NYSE NVT traded up $6.76 during trading hours on Wednesday, hitting $51.96. The company had a trading volume of 3,262,216 shares, compared to its average volume of 1,870,650. The firm's 50 day moving average is $58.18 and its 200 day moving average is $67.55. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 1.48 and a beta of 1.21. nVent Electric plc has a fifty-two week low of $41.71 and a fifty-two week high of $86.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Sell-side analysts anticipate that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. nVent Electric's payout ratio is currently 40.82%.

About nVent Electric

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.