nVent Electric (NYSE:NVT) Rating Increased to Strong-Buy at Seaport Res Ptn

nVent Electric (NYSE:NVT - Get Free Report) was upgraded by research analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.

NVT has been the subject of a number of other reports. Barclays dropped their price objective on nVent Electric from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. CL King upgraded nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Monday, March 17th. Royal Bank of Canada boosted their target price on nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Citigroup cut 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. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and an average price target of $82.00.

nVent Electric Trading Down 4.4 %

nVent Electric stock traded down $2.58 during trading on Friday, hitting $55.87. The company's stock had a trading volume of 2,563,037 shares, compared to its average volume of 1,754,815. The stock's fifty day moving average is $63.20 and its 200 day moving average is $69.01. nVent Electric has a 1-year low of $51.99 and a 1-year high of $86.57. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

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nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. As a group, equities research analysts predict that nVent Electric will post 3.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in nVent Electric by 4.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock worth $259,000 after buying an additional 150 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of nVent Electric by 26.5% during 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 lifted its stake 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 worth $782,000 after acquiring an additional 176 shares in the last quarter. Larson Financial Group LLC boosted its holdings in nVent Electric by 91.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in nVent Electric by 2.3% during the 4th quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.