J. L. Bainbridge & Co. Inc. cut its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 63.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,445 shares of the company's stock after selling 187,254 shares during the quarter. nVent Electric makes up about 0.7% of J. L. Bainbridge & Co. Inc.'s investment portfolio, making the stock its 25th biggest position. J. L. Bainbridge & Co. Inc. owned about 0.06% of nVent Electric worth $7,255,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Crews Bank & Trust bought a new stake in shares of nVent Electric in the fourth quarter worth about $26,000. Larson Financial Group LLC increased its holdings in shares of nVent Electric by 91.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock worth $27,000 after purchasing an additional 181 shares during the last quarter. Huntington National Bank increased its holdings in shares of nVent Electric by 57.3% in the third quarter. Huntington National Bank now owns 612 shares of the company's stock worth $43,000 after purchasing an additional 223 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of nVent Electric in the third quarter worth about $44,000. Finally, Tsfg LLC bought a new stake in shares of nVent Electric in the fourth quarter worth about $51,000. 90.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on NVT. Royal Bank of Canada lifted their price target on nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. CL King upgraded nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Monday. Barclays lowered their price target on nVent Electric from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Citigroup lowered their price target on nVent Electric from $91.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, nVent Electric has a consensus rating of "Buy" and a consensus price target of $83.33.
Check Out Our Latest Analysis on nVent Electric
nVent Electric Stock Up 2.5 %
NYSE:NVT traded up $1.37 during trading hours on Wednesday, reaching $56.87. The company's stock had a trading volume of 2,181,688 shares, compared to its average volume of 1,737,884. The company has a market capitalization of $9.38 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. nVent Electric plc has a 12 month low of $51.99 and a 12 month high of $86.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The stock has a 50 day moving average price of $64.39 and a two-hundred day moving average price of $69.22.
nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. Equities analysts predict that nVent Electric plc will post 3.04 EPS for the current fiscal year.
nVent Electric Announces Dividend
The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric's payout ratio is presently 40.82%.
nVent Electric Company Profile
(
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.
See Also
Before you consider nVent Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nVent Electric wasn't on the list.
While nVent Electric currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
