Segall Bryant & Hamill LLC Takes $9.34 Million Position in nVent Electric plc (NYSE:NVT)

Segall Bryant & Hamill LLC acquired a new stake in nVent Electric plc (NYSE:NVT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 137,039 shares of the company's stock, valued at approximately $9,341,000. Segall Bryant & Hamill LLC owned 0.08% of nVent Electric at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Haverford Trust Co grew its position in shares of nVent Electric by 0.8% during the 4th quarter. Haverford Trust Co now owns 553,146 shares of the company's stock worth $37,702,000 after buying an additional 4,538 shares in the last quarter. LPL Financial LLC grew its holdings in nVent Electric by 12.6% during the 4th quarter. LPL Financial LLC now owns 140,043 shares of the company's stock worth $9,545,000 after acquiring an additional 15,685 shares in the last quarter. Optimum Investment Advisors bought a new position in nVent Electric during the 4th quarter worth about $115,000. KLP Kapitalforvaltning AS purchased a new position in nVent Electric during the 4th quarter valued at about $2,283,000. Finally, Sei Investments Co. raised its holdings in shares of nVent Electric by 53.7% in the 4th quarter. Sei Investments Co. now owns 170,899 shares of the company's stock valued at $11,649,000 after purchasing an additional 59,684 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Down 1.0 %

NYSE:NVT traded down $0.51 during mid-day trading on Monday, hitting $52.40. 1,995,133 shares of the company's stock traded hands, compared to its average volume of 1,813,645. The company has a fifty day moving average of $61.79 and a 200 day moving average of $68.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. nVent Electric plc has a twelve month low of $50.14 and a twelve month high of $86.57. The company has a market capitalization of $8.65 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.48 and a beta of 1.31.

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nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data 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, analysts forecast that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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

Analyst Ratings Changes

NVT has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of nVent Electric from $83.00 to $75.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Citigroup cut their price target on nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada lifted their target price on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday, March 17th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $80.50.

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.