Temasek Holdings Private Ltd Grows Holdings in nVent Electric plc (NYSE:NVT)

Temasek Holdings Private Ltd lifted its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 224.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 150,383 shares of the company's stock after purchasing an additional 103,995 shares during the period. Temasek Holdings Private Ltd owned about 0.09% of nVent Electric worth $10,250,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in NVT. Crews Bank & Trust bought a new position in shares of nVent Electric during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its stake in shares of nVent Electric by 547.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 751 shares of the company's stock valued at $51,000 after acquiring an additional 635 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in nVent Electric by 26.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company's stock valued at $53,000 after acquiring an additional 162 shares during the period. Blue Trust Inc. grew its position in nVent Electric by 243.5% during the 4th quarter. Blue Trust Inc. now owns 869 shares of the company's stock worth $61,000 after acquiring an additional 616 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in nVent Electric during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

NVT has been the subject of a number of analyst reports. Barclays increased their price objective on nVent Electric from $65.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. 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 report on Monday, May 5th. Seaport Res Ptn raised shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, March 17th. Finally, The Goldman Sachs Group dropped their target price on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $70.00.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 4,041 shares of the stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

nVent Electric Trading Up 0.7%

NYSE:NVT traded up $0.44 during trading hours on Friday, hitting $65.27. The company had a trading volume of 406,151 shares, compared to its average volume of 1,934,416. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. The stock has a 50-day moving average price of $55.86 and a 200 day moving average price of $64.53. The company has a market capitalization of $10.75 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. nVent Electric plc has a 52 week low of $41.71 and a 52 week high of $86.57.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.67 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 analysts' expectations of $790.74 million. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. On average, equities research analysts predict that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.23%. nVent Electric's dividend payout ratio (DPR) is presently 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.