Ostrum Asset Management Has $399,000 Holdings in nVent Electric plc (NYSE:NVT)

Ostrum Asset Management trimmed its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,848 shares of the company's stock after selling 11,460 shares during the period. Ostrum Asset Management's holdings in nVent Electric were worth $399,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new position in shares of nVent Electric during the third quarter valued at $314,000. Wilmington Savings Fund Society FSB purchased a new position in nVent Electric during the 3rd quarter valued at about $124,000. Tidal Investments LLC boosted its holdings in shares of nVent Electric by 42.0% during the third quarter. Tidal Investments LLC now owns 46,016 shares of the company's stock worth $3,233,000 after purchasing an additional 13,621 shares during the period. Franklin Resources Inc. lifted 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 buying an additional 1,269,335 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of nVent Electric by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,763,254 shares of the company's stock valued at $123,891,000 after acquiring an additional 28,876 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Stock Performance

NYSE:NVT traded up $0.41 during mid-day trading on Friday, hitting $54.86. 1,859,748 shares of the company's stock traded hands, compared to its average volume of 2,338,027. nVent Electric plc has a 12 month low of $41.71 and a 12 month high of $86.57. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The firm has a 50 day moving average of $54.65 and a two-hundred day moving average of $66.10. 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 (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, hitting analysts' consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, equities analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, April 25th. nVent Electric's dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVT. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Monday, March 17th. KeyCorp cut their price objective on shares of nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup dropped their price target on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Finally, Royal Bank of Canada raised their target price on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $69.00.

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.