Tocqueville Asset Management L.P. Has $7.71 Million Holdings in nVent Electric plc (NYSE:NVT)

Tocqueville Asset Management L.P. lifted its position in nVent Electric plc (NYSE:NVT - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,160 shares of the company's stock after acquiring an additional 38,990 shares during the quarter. Tocqueville Asset Management L.P. owned 0.07% of nVent Electric worth $7,713,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC grew its position in shares of nVent Electric by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,591,405 shares of the company's stock worth $176,630,000 after acquiring an additional 210,690 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of nVent Electric by 198.1% in the 4th quarter. Corient Private Wealth LLC now owns 71,873 shares of the company's stock worth $4,899,000 after acquiring an additional 47,761 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in nVent Electric by 115.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,450 shares of the company's stock valued at $2,212,000 after purchasing an additional 17,362 shares during the period. Avalon Trust Co acquired a new position in nVent Electric during the 4th quarter valued at approximately $9,124,000. Finally, Hilton Capital Management LLC boosted its position in nVent Electric by 4.5% during the 4th quarter. Hilton Capital Management LLC now owns 34,596 shares of the company's stock valued at $2,358,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

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nVent Electric Stock Up 2.5 %

Shares of NVT stock traded up $1.37 on Wednesday, reaching $56.87. 836,484 shares of the company's stock traded hands, compared to its average volume of 1,732,803. 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 company has a market capitalization of $9.38 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The business's 50 day moving average price is $64.39 and its two-hundred day moving average price is $69.22.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.59 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 forecast 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 paid a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. nVent Electric's dividend payout ratio (DPR) is currently 40.82%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Monday. Barclays dropped their price objective on nVent Electric from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Citigroup dropped their price objective on nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $83.33.

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.