nVent Electric PLC (NYSE:NVT) Shares Acquired by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC raised its position in nVent Electric PLC (NYSE:NVT - Free Report) by 8.4% in the first quarter, according to its most recent Form 13F 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 quarter. Mountain Pacific Investment Advisers LLC owned approximately 0.13% of nVent Electric worth $10,913,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in shares of nVent Electric during the 4th quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new stake in shares of nVent Electric during the 4th quarter worth approximately $38,000. Whipplewood Advisors LLC lifted 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 worth $32,000 after buying an additional 500 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of nVent Electric during the 4th quarter worth approximately $65,000. Finally, Huntington National Bank lifted its position in shares of nVent Electric by 60.9% during the 4th quarter. Huntington National Bank now owns 985 shares of the company's stock worth $67,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

NVT traded up $0.72 during trading on Thursday, hitting $70.55. The stock had a trading volume of 1,269,181 shares, compared to its average volume of 1,944,723. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.42 and a current ratio of 2.87. The firm has a market capitalization of $11.62 billion, a P/E ratio of 20.16, a PEG ratio of 1.40 and a beta of 1.30. The company's 50-day moving average price is $61.48 and its 200 day moving average price is $63.40. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $81.55.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $809.30 million for the quarter, compared to analysts' expectations of $790.74 million. nVent Electric had a net margin of 18.22% and a return on equity of 13.54%. nVent Electric's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.13%. nVent Electric's dividend payout ratio is currently 22.86%.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 4,041 shares of the company's 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 transaction, the executive vice president now directly owns 32,665 shares of the company's stock, valued at $2,003,997.75. This represents a 11.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup reduced their price target on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada upped their price target on shares of nVent Electric from $73.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. CL King upgraded shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Monday, March 17th. Finally, Barclays upped their price target on shares of nVent Electric from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $70.67.

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.