Great Lakes Advisors LLC lowered its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,944 shares of the company's stock after selling 70,643 shares during the period. Great Lakes Advisors LLC owned 0.07% of nVent Electric worth $7,562,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 162 shares during the period. CIBC Asset Management Inc raised its stake in nVent Electric by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,823 shares of the company's stock valued at $339,000 after acquiring an additional 166 shares during the last quarter. Calamos Advisors LLC lifted its position in nVent Electric by 1.6% during the 4th quarter. Calamos Advisors LLC now owns 11,468 shares of the company's stock worth $782,000 after acquiring an additional 176 shares during the period. Larson Financial Group LLC grew its stake in shares of nVent Electric by 91.9% in the 3rd 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, Huntington National Bank increased its holdings in shares of nVent Electric by 57.3% in the third quarter. Huntington National Bank now owns 612 shares of the company's stock valued at $43,000 after purchasing an additional 223 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.
nVent Electric Price Performance
Shares of NVT traded up $0.04 during trading hours on Monday, reaching $56.72. The company had a trading volume of 1,559,160 shares, compared to its average volume of 2,324,493. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. nVent Electric plc has a 12-month low of $51.99 and a 12-month high of $86.57. The firm has a 50 day simple moving average of $64.98 and a 200-day simple moving average of $69.38. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.48 and a beta of 1.31.
nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share 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%. Research analysts expect that nVent Electric plc will post 3.04 earnings per share for the current year.
nVent Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued 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 1.41%. nVent Electric's dividend payout ratio is presently 40.82%.
Wall Street Analyst Weigh In
NVT has been the subject of several recent research reports. Royal Bank of Canada increased their price target on nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. CL King upgraded shares of 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. Barclays dropped their price target on shares of nVent Electric from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Citigroup reduced their price objective on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, nVent Electric presently has an average rating of "Buy" and an average target price of $83.33.
Check Out Our Latest Analysis on NVT
nVent Electric Profile
(
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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