Grandeur Peak Global Advisors LLC Acquires 20,608 Shares of nVent Electric plc (NYSE:NVT)

Grandeur Peak Global Advisors LLC lifted its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,145 shares of the company's stock after acquiring an additional 20,608 shares during the quarter. nVent Electric makes up about 1.4% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 16th biggest holding. Grandeur Peak Global Advisors LLC owned 0.15% of nVent Electric worth $16,300,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of nVent Electric in the third quarter valued at $583,000. Public Employees Retirement System of Ohio bought a new position in nVent Electric in the 3rd quarter valued at about $6,900,000. Geode Capital Management LLC lifted its position in nVent Electric by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,773,168 shares of the company's stock worth $194,894,000 after acquiring an additional 29,794 shares during the last quarter. World Investment Advisors LLC acquired a new stake in nVent Electric during the third quarter worth approximately $314,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of nVent Electric during the third quarter worth approximately $124,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVT has been the subject of several research reports. 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 report on Wednesday, April 2nd. Barclays dropped their target price on nVent Electric from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. CL King upgraded shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, March 17th. Finally, Citigroup dropped their price target on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $69.00.

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nVent Electric Price Performance

NYSE:NVT traded up $0.60 during mid-day trading on Tuesday, reaching $50.57. The stock had a trading volume of 1,662,776 shares, compared to its average volume of 1,886,023. nVent Electric plc has a 12 month low of $41.71 and a 12 month high of $86.57. The stock has a market capitalization of $8.33 billion, a PE ratio of 25.80, a P/E/G ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. The stock has a 50-day simple moving average of $57.36 and a two-hundred day simple moving average of $67.10.

nVent Electric (NYSE:NVT - Get Free Report) last released 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%. On average, equities analysts anticipate that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The company 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 $0.20 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. nVent Electric's payout ratio is presently 40.82%.

nVent Electric Company Profile

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.