Mountain Pacific Investment Advisers LLC Has $10.91 Million Stock Position in nVent Electric plc (NYSE:NVT)

Mountain Pacific Investment Advisers LLC increased its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 8.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 208,188 shares of the company's stock after acquiring an additional 16,138 shares during the period. Mountain Pacific Investment Advisers LLC owned about 0.13% of nVent Electric worth $10,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVT. Capital A Wealth Management LLC bought a new stake in shares of nVent Electric in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC boosted its position in shares of nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in nVent Electric in the fourth quarter valued at approximately $38,000. CX Institutional acquired a new stake in nVent Electric in the 1st quarter valued at $54,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in nVent Electric by 43.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,112 shares of the company's stock worth $58,000 after buying an additional 339 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, EVP Lynnette R. Heath sold 4,041 shares of nVent Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $61.35, for a total value of $247,915.35. Following the transaction, the executive vice president now owns 32,665 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

NVT has been the subject of several analyst reports. Barclays increased their price objective on nVent Electric from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group reduced their price objective on nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Citigroup reduced their price objective on nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a report on Monday, April 14th. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Monday, March 17th. Finally, Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, nVent Electric presently has an average rating of "Buy" and a consensus target price of $70.67.

nVent Electric Price Performance

NYSE:NVT opened at $68.11 on Monday. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.48 and a beta of 1.30. nVent Electric plc has a 52-week low of $41.71 and a 52-week high of $81.55. The stock has a fifty day moving average of $60.24 and a 200 day moving average of $63.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $790.74 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company's revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, July 18th. nVent Electric's dividend payout ratio (DPR) is currently 22.86%.

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.

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