nVent Electric plc (NYSE:NVT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in nVent Electric plc (NYSE:NVT - Free Report) by 68.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,641 shares of the company's stock after selling 72,417 shares during the period. Marshall Wace LLP's holdings in nVent Electric were worth $2,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in NVT. Quadrant Capital Group LLC increased its holdings in shares of nVent Electric by 4.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock valued at $259,000 after acquiring an additional 150 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 162 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of nVent Electric by 1.6% in the fourth quarter. Calamos Advisors LLC now owns 11,468 shares of the company's stock worth $782,000 after buying an additional 176 shares during the last quarter. Keybank National Association OH lifted its stake in shares of nVent Electric by 2.5% during the fourth quarter. Keybank National Association OH now owns 9,509 shares of the company's stock worth $648,000 after buying an additional 229 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of nVent Electric by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 5,078 shares of the company's stock valued at $346,000 after acquiring an additional 255 shares during the period. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NVT shares. Barclays reduced their price target on nVent Electric from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. KeyCorp lowered their price target on shares of nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. 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 target price on the stock in a research note on Monday, March 17th. Finally, Royal Bank of Canada lifted their price target on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, nVent Electric presently has an average rating of "Buy" and a consensus price target of $69.00.

nVent Electric Trading Down 0.3 %

Shares of nVent Electric stock traded down $0.14 during mid-day trading on Wednesday, hitting $54.84. The stock had a trading volume of 2,713,509 shares, compared to its average volume of 1,907,952. The firm has a 50-day moving average of $53.88 and a two-hundred day moving average of $65.71. The firm has a market cap of $9.03 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. nVent Electric plc has a 12-month low of $41.71 and a 12-month high of $86.57.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Sell-side analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. nVent Electric's dividend payout ratio is presently 40.82%.

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.