nVent Electric plc (NYSE:NVT) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in nVent Electric plc (NYSE:NVT - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,591,405 shares of the company's stock after acquiring an additional 210,690 shares during the period. William Blair Investment Management LLC owned approximately 1.57% of nVent Electric worth $176,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVT. Larson Financial Group LLC increased its holdings in nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of nVent Electric in the 4th quarter valued at $26,000. Huntington National Bank lifted its stake in nVent Electric by 57.3% during the 3rd quarter. Huntington National Bank now owns 612 shares of the company's stock worth $43,000 after acquiring an additional 223 shares in the last quarter. Brooklyn Investment Group purchased a new position in nVent Electric during the 3rd quarter valued at about $44,000. Finally, Tsfg LLC acquired a new position in nVent Electric in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Stock Up 0.4 %

nVent Electric stock traded up $0.25 during mid-day trading on Friday, hitting $57.11. The company had a trading volume of 3,766,765 shares, compared to its average volume of 1,749,066. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.48 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. nVent Electric plc has a 1 year low of $51.99 and a 1 year high of $86.57. The business has a fifty day moving average of $63.87 and a 200 day moving average of $69.05.

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nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, meeting 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, sell-side 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 announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. nVent Electric's payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday. Citigroup decreased their price objective on nVent Electric from $91.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Barclays cut their target price on shares of nVent Electric from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.