nVent Electric PLC (NYSE:NVT) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 92.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,407 shares of the company's stock after buying an additional 77,953 shares during the quarter. Easterly Investment Partners LLC owned 0.10% of nVent Electric worth $8,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of nVent Electric by 381.0% during the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after purchasing an additional 1,581 shares during the period. LPL Financial LLC boosted its stake in shares of nVent Electric by 12.6% during the fourth quarter. LPL Financial LLC now owns 140,043 shares of the company's stock valued at $9,545,000 after purchasing an additional 15,685 shares during the period. GAMMA Investing LLC raised its holdings in shares of nVent Electric by 74.3% in the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after acquiring an additional 1,482 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of nVent Electric by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock valued at $1,429,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of nVent Electric by 27.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 19,307 shares of the company's stock valued at $1,012,000 after acquiring an additional 4,149 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Lynnette R. Heath sold 4,041 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $61.35, for a total value of $247,915.35. Following the transaction, the executive vice president owned 32,665 shares in the company, valued at approximately $2,003,997.75. This represents a 11.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company's stock.

nVent Electric Stock Down 1.7%

Shares of NVT stock traded down $1.28 during trading hours on Friday, reaching $75.95. 1,572,886 shares of the company's stock were exchanged, compared to its average volume of 1,987,656. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $81.20. The stock has a market cap of $12.50 billion, a PE ratio of 21.70, a PEG ratio of 1.48 and a beta of 1.31. The company has a current ratio of 2.87, a quick ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $69.74 and its two-hundred day moving average price is $63.45.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. nVent Electric had a return on equity of 13.54% and a net margin of 18.22%. The business had revenue of $809.30 million for the quarter, compared to analyst estimates of $790.74 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Research analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.05%. nVent Electric's dividend payout ratio (DPR) is presently 22.86%.

Analyst Ratings Changes

Several research firms recently weighed in on NVT. Royal Bank Of Canada lifted their price objective on nVent Electric from $73.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, May 5th. KeyCorp boosted their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday. Barclays boosted their target price on shares of nVent Electric from $74.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup boosted their target price on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $80.33.

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.