Trillium Asset Management LLC Boosts Stake in nVent Electric plc (NYSE:NVT)

Trillium Asset Management LLC grew its holdings in nVent Electric plc (NYSE:NVT - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,682 shares of the company's stock after purchasing an additional 26,093 shares during the period. Trillium Asset Management LLC owned about 0.15% of nVent Electric worth $16,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NVT. Franklin Resources Inc. grew its holdings in shares of nVent Electric by 22.1% in the third quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock worth $527,374,000 after acquiring an additional 1,269,335 shares during the period. State Street Corp grew its holdings in shares of nVent Electric by 0.9% in the third quarter. State Street Corp now owns 5,031,623 shares of the company's stock worth $353,522,000 after acquiring an additional 42,465 shares during the period. Geode Capital Management LLC grew its holdings in shares of nVent Electric by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,773,168 shares of the company's stock worth $194,894,000 after acquiring an additional 29,794 shares during the period. William Blair Investment Management LLC grew its holdings in shares of nVent Electric by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,591,405 shares of the company's stock worth $176,630,000 after acquiring an additional 210,690 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of nVent Electric by 23.6% in the third quarter. Janus Henderson Group PLC now owns 2,441,154 shares of the company's stock worth $171,492,000 after acquiring an additional 466,042 shares during the period. Institutional investors own 90.05% of the company's stock.

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nVent Electric Price Performance

Shares of nVent Electric stock traded up $0.25 during trading hours on Friday, hitting $57.11. The company's stock had a trading volume of 3,766,765 shares, compared to its average volume of 1,750,004. The business has a 50 day moving average price of $63.63 and a two-hundred day moving average price of $69.01. nVent Electric plc has a 12-month low of $51.99 and a 12-month high of $86.57. The company has a market cap of $9.42 billion, a PE ratio of 29.14, a PEG ratio of 1.48 and a beta of 1.31. 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 (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Analysts expect that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.40%. nVent Electric's payout ratio is 40.82%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVT. Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday. Barclays cut their price objective on nVent Electric from $88.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada lifted their price objective on nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Citigroup lowered their target price on nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, CL King upgraded nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Monday, March 17th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $83.33.

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.