LVM Capital Management Ltd. MI Has $8.30 Million Stake in nVent Electric plc (NYSE:NVT)

LVM Capital Management Ltd. MI boosted its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,290 shares of the company's stock after purchasing an additional 7,069 shares during the period. LVM Capital Management Ltd. MI owned approximately 0.10% of nVent Electric worth $8,298,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors acquired a new position in nVent Electric in the fourth quarter valued at about $384,749,000. Norges Bank acquired a new position in shares of nVent Electric in the fourth quarter valued at approximately $197,434,000. William Blair Investment Management LLC boosted its stake in shares of 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 valued at $176,630,000 after buying an additional 210,690 shares during the period. Millennium Management LLC raised its holdings in shares of nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock valued at $151,017,000 after purchasing an additional 1,953,026 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of nVent Electric by 15.0% in the 4th quarter. Invesco Ltd. now owns 1,723,868 shares of the company's stock valued at $117,499,000 after acquiring an additional 224,657 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVT. Royal Bank of Canada raised their price target on nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Citigroup lowered their target price on nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp boosted their target price on shares of nVent Electric from $60.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, March 17th. Finally, Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a report 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $70.00.

nVent Electric Price Performance

Shares of NYSE:NVT traded up $0.48 during trading on Wednesday, reaching $66.70. The company had a trading volume of 394,204 shares, compared to its average volume of 1,937,338. nVent Electric plc has a twelve month low of $41.71 and a twelve month high of $82.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The firm has a market capitalization of $10.98 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The firm's fifty day moving average is $57.33 and its 200 day moving average is $63.93.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. The business had revenue of $809.30 million for the quarter, compared to the consensus estimate of $790.74 million. During the same period last year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts forecast that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, July 18th. nVent Electric's payout ratio is 22.86%.

Insiders Place Their Bets

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of nVent Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $61.35, for a total transaction of $247,915.35. Following the sale, the executive vice president now owns 32,665 shares in the company, valued at $2,003,997.75. The trade was a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company's stock.

About nVent Electric

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.