nVent Electric PLC (NYSE:NVT) Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in nVent Electric PLC (NYSE:NVT - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,612 shares of the company's stock after acquiring an additional 3,880 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in nVent Electric were worth $1,972,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NVT. Capital A Wealth Management LLC purchased a new position in nVent Electric during the fourth quarter valued at approximately $27,000. 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 valued at $32,000 after purchasing an additional 500 shares in the last quarter. Park Square Financial Group LLC purchased a new position in nVent Electric during the fourth quarter valued at approximately $38,000. CX Institutional purchased a new position in nVent Electric during the first quarter valued at approximately $54,000. Finally, MassMutual Private Wealth & Trust FSB grew its position 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 valued at $58,000 after purchasing an additional 339 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Seaport Res Ptn raised shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank Of Canada boosted their target price on shares of nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Barclays boosted their target price on shares of nVent Electric from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Monday, March 17th. Finally, Citigroup decreased their target price 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and a consensus target price of $70.67.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $73.45 on Monday. The firm has a fifty day simple moving average of $64.56 and a 200-day simple moving average of $62.98. The company has a current ratio of 2.87, a quick ratio of 2.42 and a debt-to-equity ratio of 0.48. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $81.55. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.47 and a beta of 1.30.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $809.30 million during 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%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, sell-side analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, July 18th. nVent Electric's dividend payout ratio (DPR) is presently 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 dated Thursday, May 8th. The shares were sold at an average price of $61.35, for a total value of $247,915.35. Following the sale, the executive vice president now owns 32,665 shares of the company's stock, valued at approximately $2,003,997.75. This represents a 11.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company's stock.

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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