TT International Asset Management LTD Acquires 18,376 Shares of nVent Electric plc (NYSE:NVT)

TT International Asset Management LTD grew its position in nVent Electric plc (NYSE:NVT - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,395 shares of the company's stock after acquiring an additional 18,376 shares during the period. nVent Electric comprises about 1.1% of TT International Asset Management LTD's portfolio, making the stock its 14th largest holding. TT International Asset Management LTD owned 0.07% of nVent Electric worth $7,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NVT. LVM Capital Management Ltd. MI grew its holdings in nVent Electric by 8.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company's stock worth $10,307,000 after purchasing an additional 11,349 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of nVent Electric during the 4th quarter worth approximately $1,520,000. Fulton Bank N.A. raised its stake in nVent Electric by 10.2% in the 4th quarter. Fulton Bank N.A. now owns 9,487 shares of the company's stock valued at $647,000 after acquiring an additional 877 shares during the period. Diversified Trust Co acquired a new stake in nVent Electric during the 4th quarter valued at $536,000. Finally, Nordea Investment Management AB boosted its position in nVent Electric by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 93,172 shares of the company's stock worth $6,378,000 after purchasing an additional 13,483 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at nVent Electric

In related news, EVP Jon D. Lammers sold 67,297 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the completion of the transaction, the executive vice president now directly owns 58,121 shares in the company, valued at $4,421,264.47. This represents a 53.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the sale, the chief financial officer now owns 62,215 shares in the company, valued at $4,775,623.40. This represents a 18.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,382 shares of company stock valued at $7,365,956. 2.50% of the stock is currently owned by corporate insiders.

nVent Electric Price Performance

Shares of NYSE NVT traded down $0.06 during mid-day trading on Monday, reaching $68.80. The company had a trading volume of 1,065,499 shares, compared to its average volume of 1,139,157. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.86 and a beta of 1.27. The business's 50-day simple moving average is $73.55 and its 200 day simple moving average is $71.37. nVent Electric plc has a one year low of $55.19 and a one year high of $86.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 1.83.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $937.37 million. During the same period in the prior year, the business earned $0.84 earnings per share. nVent Electric's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that nVent Electric plc will post 2.5 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, January 17th. This is a boost from nVent Electric's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.16%. nVent Electric's dividend payout ratio is presently 23.46%.

Wall Street Analysts Forecast Growth

NVT has been the topic of several research analyst reports. Citigroup dropped their price objective on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday. Royal Bank of Canada raised their price objective on shares of nVent Electric from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Barclays upped their target price on nVent Electric from $76.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Finally, KeyCorp boosted their price target on nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $86.17.

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.