Teacher Retirement System of Texas Has $1.95 Million Stock Holdings in nVent Electric plc (NYSE:NVT)

Teacher Retirement System of Texas decreased its stake in nVent Electric plc (NYSE:NVT - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,553 shares of the company's stock after selling 22,346 shares during the quarter. Teacher Retirement System of Texas' holdings in nVent Electric were worth $1,946,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NVT. Trillium Asset Management LLC grew its stake in nVent Electric by 11.9% during the fourth quarter. Trillium Asset Management LLC now owns 244,682 shares of the company's stock worth $16,678,000 after buying an additional 26,093 shares during the last quarter. Xponance Inc. boosted its holdings in shares of nVent Electric by 9.8% in the 4th quarter. Xponance Inc. now owns 19,784 shares of the company's stock worth $1,348,000 after acquiring an additional 1,758 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in nVent Electric by 52.6% during the 4th quarter. Tocqueville Asset Management L.P. now owns 113,160 shares of the company's stock worth $7,713,000 after acquiring an additional 38,990 shares during the last quarter. William Blair Investment Management LLC increased its holdings in nVent Electric by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,591,405 shares of the company's stock valued at $176,630,000 after purchasing an additional 210,690 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in nVent Electric by 198.1% in the 4th quarter. Corient Private Wealth LLC now owns 71,873 shares of the company's stock valued at $4,899,000 after purchasing an additional 47,761 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several analysts have recently commented on the company. Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada raised their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays reduced their target price on shares of nVent Electric from $83.00 to $75.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup decreased their price target on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, KeyCorp dropped their price objective on shares of nVent Electric from $84.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $80.50.

nVent Electric Trading Down 1.0 %

Shares of NYSE:NVT traded down $0.51 during trading on Monday, hitting $52.40. 1,995,133 shares of the company's stock were exchanged, compared to its average volume of 1,813,645. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.65 billion, a P/E ratio of 26.74, a PEG ratio of 1.48 and a beta of 1.31. The firm has a 50-day moving average price of $61.79 and a two-hundred day moving average price of $68.75. nVent Electric plc has a 1-year low of $50.14 and a 1-year high of $86.57.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.59 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%. Equities analysts predict that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

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

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.