Aptus Capital Advisors LLC Buys 12,812 Shares of nVent Electric plc (NYSE:NVT)

Aptus Capital Advisors LLC boosted its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,244 shares of the company's stock after acquiring an additional 12,812 shares during the period. Aptus Capital Advisors LLC's holdings in nVent Electric were worth $5,060,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in nVent Electric by 22.1% during the third quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock valued at $527,374,000 after acquiring an additional 1,269,335 shares during the period. Capital Research Global Investors bought a new stake in nVent Electric during the 4th quarter valued at approximately $384,749,000. Norges Bank purchased a new position in nVent Electric in the 4th quarter worth approximately $197,434,000. William Blair Investment Management LLC boosted its stake in nVent Electric by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,591,405 shares of the company's stock worth $176,630,000 after purchasing an additional 210,690 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in nVent Electric by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,763,254 shares of the company's stock valued at $123,891,000 after buying an additional 28,876 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Trading Up 1.3 %

NVT traded up $0.80 on Friday, hitting $61.54. The company had a trading volume of 1,660,040 shares, compared to its average volume of 1,913,162. The business's fifty day simple moving average is $53.86 and its 200 day simple moving average is $64.87. 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 12-month low of $41.71 and a 12-month high of $86.57. The company has a market cap of $10.13 billion, a PE ratio of 31.40, a PEG ratio of 1.48 and a beta of 1.24.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. The firm had revenue of $809.30 million during the quarter, compared to analysts' expectations of $790.74 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts expect that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, April 25th. nVent Electric's dividend payout ratio is currently 22.86%.

Insider Transactions at nVent Electric

In related news, EVP Lynnette R. Heath sold 4,041 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $61.35, for a total transaction of $247,915.35. Following the completion of the sale, the executive vice president now directly owns 32,665 shares of the company's stock, valued at approximately $2,003,997.75. This trade represents a 11.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. KeyCorp increased their price objective on shares of nVent Electric from $60.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Barclays lifted their target price on nVent Electric from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Citigroup dropped their price target on nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, nVent Electric has a consensus rating of "Buy" and a consensus price target of $70.00.

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.