Natixis Advisors LLC Sells 28,804 Shares of nVent Electric plc (NYSE:NVT)

Natixis Advisors LLC lowered its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 21.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,811 shares of the company's stock after selling 28,804 shares during the period. Natixis Advisors LLC owned 0.06% of nVent Electric worth $7,143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilton Capital Management LLC increased its holdings in shares of nVent Electric by 4.5% in the fourth quarter. Hilton Capital Management LLC now owns 34,596 shares of the company's stock valued at $2,358,000 after buying an additional 1,502 shares in the last quarter. Swiss National Bank increased its stake in shares of nVent Electric by 0.9% in the fourth quarter. Swiss National Bank now owns 326,887 shares of the company's stock worth $22,281,000 after acquiring an additional 2,900 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of nVent Electric by 7.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,640 shares of the company's stock worth $521,000 after purchasing an additional 530 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in nVent Electric by 27.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,155 shares of the company's stock valued at $283,000 after acquiring an additional 892 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of nVent Electric by 6.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 46,853 shares of the company's stock valued at $3,193,000 after purchasing an additional 2,793 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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nVent Electric Price Performance

Shares of NVT stock traded up $1.59 on Monday, reaching $58.72. The company had a trading volume of 1,447,595 shares, compared to its average volume of 1,748,794. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $9.69 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. nVent Electric plc has a one year low of $51.99 and a one year high of $86.57. The business's 50-day moving average is $63.43 and its 200 day moving average is $69.03.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. Equities research analysts forecast that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, April 25th. nVent Electric's dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

A number of research firms have issued reports on NVT. Barclays decreased their price target on shares of nVent Electric from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Citigroup lowered 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 note on Monday, January 13th. Royal Bank of Canada boosted their price target on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday. Finally, 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 note on Monday, March 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, nVent Electric currently has an average rating of "Buy" and a consensus target price of $83.33.

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.