Haverford Trust Co grew its position in nVent Electric plc (NYSE:NVT - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,146 shares of the company's stock after purchasing an additional 4,538 shares during the period. Haverford Trust Co owned approximately 0.34% of nVent Electric worth $37,702,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Swedbank AB purchased a new position in nVent Electric in the third quarter valued at about $110,663,000. Franklin Resources Inc. raised its holdings in shares of nVent Electric by 22.1% during the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock valued at $527,374,000 after buying an additional 1,269,335 shares during the period. Clean Energy Transition LLP raised its holdings in shares of nVent Electric by 56.5% during the 3rd quarter. Clean Energy Transition LLP now owns 2,254,633 shares of the company's stock valued at $158,411,000 after buying an additional 813,909 shares during the period. Impax Asset Management Group plc lifted its position in nVent Electric by 2,764.1% during the 4th quarter. Impax Asset Management Group plc now owns 647,304 shares of the company's stock worth $43,626,000 after acquiring an additional 624,703 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in nVent Electric by 235.9% in the 4th quarter. Artemis Investment Management LLP now owns 763,075 shares of the company's stock worth $52,011,000 after acquiring an additional 535,881 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.
nVent Electric Stock Down 3.1 %
NYSE:NVT traded down $1.70 during mid-day trading on Friday, reaching $52.89. The stock had a trading volume of 2,427,623 shares, compared to its average volume of 1,812,919. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. nVent Electric plc has a 1-year low of $51.99 and a 1-year high of $86.57. The stock's 50 day simple moving average is $62.19 and its two-hundred day simple moving average is $68.76.
nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share 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%. Equities analysts anticipate that nVent Electric plc will post 3.04 EPS for the current year.
nVent Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a yield of 1.51%. nVent Electric's dividend payout ratio (DPR) is 40.82%.
Analysts Set New Price Targets
NVT has been the topic of a number of recent research reports. Citigroup reduced 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 report on Monday, January 13th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. KeyCorp decreased their price objective on shares of nVent Electric from $84.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday. Barclays dropped their target price on nVent Electric from $83.00 to $75.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $80.50.
Check Out Our Latest Stock Analysis on nVent Electric
About nVent Electric
(
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.
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