LVM Capital Management Ltd. MI Has $10.31 Million Holdings in nVent Electric plc (NYSE:NVT)

LVM Capital Management Ltd. MI raised its stake in nVent Electric plc (NYSE:NVT - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 151,221 shares of the company's stock after purchasing an additional 11,349 shares during the period. nVent Electric accounts for approximately 1.1% of LVM Capital Management Ltd. MI's holdings, making the stock its 28th biggest holding. LVM Capital Management Ltd. MI owned 0.09% of nVent Electric worth $10,307,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its stake in nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. UMB Bank n.a. lifted its stake in nVent Electric by 280.0% during the third quarter. UMB Bank n.a. now owns 418 shares of the company's stock worth $29,000 after purchasing an additional 308 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in nVent Electric in the third quarter worth $29,000. Ashton Thomas Private Wealth LLC bought a new stake in nVent Electric during the second quarter valued at $34,000. Finally, Huntington National Bank raised its holdings in shares of nVent Electric by 57.3% during 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 period. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Stock Performance

nVent Electric stock traded down $0.96 during mid-day trading on Friday, hitting $68.89. 928,519 shares of the company's stock traded hands, compared to its average volume of 1,151,437. nVent Electric plc has a one year low of $55.19 and a one year high of $86.57. The company has a market cap of $11.35 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The firm has a 50 day moving average price of $73.55 and a 200 day moving average price of $71.45. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.18). The company had revenue of $782.00 million during the quarter, compared to the consensus estimate of $937.37 million. nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, equities analysts forecast that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.20 per share. This is a positive change from nVent Electric's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, January 17th. nVent Electric's dividend payout ratio (DPR) is presently 23.46%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVT. Barclays boosted their price objective on shares of nVent Electric from $76.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada increased their price target on nVent Electric from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. KeyCorp boosted their price objective on nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Finally, Citigroup raised their target price on nVent Electric from $78.00 to $91.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, nVent Electric currently has an average rating of "Buy" and an average target price of $86.33.

Insider Transactions at nVent Electric

In other news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the completion of the sale, the director now owns 45,040 shares in the company, valued at approximately $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jon D. Lammers sold 67,297 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.07, for a total value of $5,119,282.79. Following the sale, the executive vice president now directly owns 58,121 shares in the company, valued at $4,421,264.47. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,382 shares of company stock valued at $7,365,956. Corporate insiders own 2.50% of the company's stock.

nVent Electric 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.