Running Oak Capital LLC Has $14.16 Million Stock Holdings in nVent Electric PLC (NYSE:NVT)

Running Oak Capital LLC increased its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 32.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,203 shares of the company's stock after acquiring an additional 66,395 shares during the quarter. Running Oak Capital LLC owned about 0.16% of nVent Electric worth $14,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVT. Capital A Wealth Management LLC bought a new stake in nVent Electric in the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in shares of nVent Electric in the fourth quarter valued at about $38,000. Whipplewood Advisors LLC grew its position in nVent Electric by 467.3% during the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after buying an additional 500 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in nVent Electric during the fourth quarter valued at about $65,000. Finally, Huntington National Bank increased its stake in nVent Electric by 60.9% during the fourth quarter. Huntington National Bank now owns 985 shares of the company's stock valued at $67,000 after acquiring an additional 373 shares during the period. Institutional investors own 90.05% of the company's stock.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 4,041 shares of nVent Electric 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 completion of 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVT. Citigroup reduced their price objective on nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, April 14th. CL King upgraded shares of 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. Seaport Res Ptn raised shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. 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 research note on Monday, May 5th. Finally, Royal Bank Of Canada raised their price objective on shares of nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $70.67.

nVent Electric Price Performance

Shares of nVent Electric stock traded down $0.28 during midday trading on Wednesday, hitting $72.06. 2,294,369 shares of the company were exchanged, compared to its average volume of 1,946,299. The firm has a 50 day simple moving average of $63.17 and a 200-day simple moving average of $63.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.87 and a quick ratio of 2.42. The firm has a market cap of $11.86 billion, a P/E ratio of 20.59, a PEG ratio of 1.45 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.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $809.30 million during the quarter, compared to analyst estimates of $790.74 million. nVent Electric had a return on equity of 13.54% and a net margin of 18.22%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. Research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The company 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, July 18th. nVent Electric's dividend payout ratio 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.