Robeco Institutional Asset Management B.V. Raises Stock Position in nVent Electric PLC (NYSE:NVT)

Robeco Institutional Asset Management B.V. grew its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,307 shares of the company's stock after buying an additional 4,149 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in nVent Electric were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its position in nVent Electric by 4.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock worth $259,000 after acquiring an additional 150 shares in the last quarter. Utah Retirement Systems lifted its stake in nVent Electric by 2.3% during the fourth quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after purchasing an additional 200 shares during the last quarter. Hancock Whitney Corp boosted its holdings in shares of nVent Electric by 1.4% in the 4th quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock worth $1,025,000 after purchasing an additional 206 shares in the last quarter. Portside Wealth Group LLC increased its position in shares of nVent Electric by 3.2% during the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after purchasing an additional 219 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in shares of nVent Electric by 2.5% during the 4th quarter. Keybank National Association OH now owns 9,509 shares of the company's stock valued at $648,000 after buying an additional 229 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

nVent Electric Stock Up 0.7%

Shares of NVT traded up $0.51 during trading hours on Thursday, hitting $73.95. The company had a trading volume of 994,032 shares, compared to its average volume of 1,951,435. The firm has a fifty day moving average price of $65.93 and a 200-day moving average price of $63.11. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.43 and a beta of 1.31. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $81.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.42 and a current ratio of 2.87.

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 for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. nVent Electric had a net margin of 18.22% and a return on equity of 13.54%. The company had revenue of $809.30 million during the quarter, compared to analyst estimates of $790.74 million. During the same period in the previous year, the business earned $0.78 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, July 18th. nVent Electric's payout ratio is currently 22.86%.

Analysts Set New Price Targets

NVT has been the subject of several research reports. Royal Bank Of Canada upped their target price on nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Citigroup cut their price objective on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays increased their target price on shares of nVent Electric from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Seaport Res Ptn raised shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group dropped their price target on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $70.67.

Insider Activity

In related 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 completion of the sale, the executive vice president directly owned 32,665 shares in the company, valued at approximately $2,003,997.75. This trade represents a 11.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

nVent Electric Company 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.