Transatlantique Private Wealth LLC Sells 6,729 Shares of nVent Electric plc (NYSE:NVT)

Transatlantique Private Wealth LLC reduced its stake in shares of nVent Electric plc (NYSE:NVT - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,847 shares of the company's stock after selling 6,729 shares during the period. Transatlantique Private Wealth LLC's holdings in nVent Electric were worth $1,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NVT. Capital Research Global Investors bought a new position in shares of nVent Electric during the fourth quarter valued at approximately $384,749,000. Norges Bank bought a new position in nVent Electric during the 4th quarter worth $197,434,000. Champlain Investment Partners LLC bought a new stake in nVent Electric in the fourth quarter valued at $86,738,000. Franklin Resources Inc. grew its position in nVent Electric by 22.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock worth $527,374,000 after purchasing an additional 1,269,335 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of nVent Electric by 3,186.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 711,343 shares of the company's stock valued at $48,485,000 after purchasing an additional 689,701 shares during the period. Institutional investors own 90.05% of the company's stock.

nVent Electric Trading Up 4.1 %

Shares of nVent Electric stock traded up $2.05 during trading on Wednesday, hitting $52.30. The stock had a trading volume of 2,518,260 shares, compared to its average volume of 1,894,941. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $8.61 billion, a PE ratio of 26.68, a P/E/G ratio of 1.48 and a beta of 1.21. nVent Electric plc has a 1 year low of $41.71 and a 1 year high of $86.57. The stock has a 50 day simple moving average of $55.25 and a 200 day simple moving average of $66.32.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, research analysts expect that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.53%. nVent Electric's payout ratio is 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVT. Barclays decreased their price objective on nVent Electric from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Citigroup lowered their price target on nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. KeyCorp lowered their target price on nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, nVent Electric currently has an average rating of "Buy" and an average target price of $69.00.

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.