nVent Electric plc (NYSE:NVT) Plans Quarterly Dividend of $0.20

nVent Electric plc (NYSE:NVT - Get Free Report) announced a quarterly dividend on Monday, December 16th,RTT News reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.20 per share on Friday, February 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from nVent Electric's previous quarterly dividend of $0.19.

nVent Electric has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect nVent Electric to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 25.3%.

nVent Electric Trading Up 0.8 %

NVT traded up $0.61 during trading hours on Monday, reaching $75.64. 1,305,070 shares of the company's stock traded hands, compared to its average volume of 1,568,364. nVent Electric has a 52-week low of $55.19 and a 52-week high of $86.57. The firm has a 50-day moving average price of $74.96 and a 200 day moving average price of $72.63. The firm has a market capitalization of $12.47 billion, a PE ratio of 22.23, a PEG ratio of 3.88 and a beta of 1.25. 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 quarterly 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). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The firm had revenue of $782.00 million for the quarter, compared to analyst estimates of $937.37 million. During the same quarter in the prior year, the business earned $0.84 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that nVent Electric will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVT has been the subject of a number of research analyst reports. Barclays upped their price objective on nVent Electric from $76.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Citigroup raised their target price on shares of nVent Electric from $78.00 to $91.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Royal Bank of Canada cut their target price on nVent Electric from $82.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Finally, KeyCorp increased their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $85.50.

Insider Activity

In other nVent Electric news, EVP Jon D. Lammers sold 67,297 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total value of $5,119,282.79. Following the transaction, the executive vice president now owns 58,121 shares in the company, valued at $4,421,264.47. The trade was a 53.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Randolph A. Wacker sold 8,022 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $75.87, for a total value of $608,629.14. Following the sale, the chief accounting officer now directly owns 25,993 shares in the company, valued at approximately $1,972,088.91. The trade was a 23.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,382 shares of company stock worth $7,365,956. Company insiders own 2.50% of the company's stock.

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.