Dimensional Fund Advisors LP Trims Stake in nVent Electric plc (NYSE:NVT)

Dimensional Fund Advisors LP reduced its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,692,812 shares of the company's stock after selling 32,135 shares during the period. Dimensional Fund Advisors LP owned about 1.03% of nVent Electric worth $115,390,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in nVent Electric by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 93,172 shares of the company's stock worth $6,378,000 after acquiring an additional 13,483 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of nVent Electric in the fourth quarter worth $1,520,000. TT International Asset Management LTD raised its position in shares of nVent Electric by 20.4% during the 4th quarter. TT International Asset Management LTD now owns 108,395 shares of the company's stock valued at $7,388,000 after purchasing an additional 18,376 shares during the period. LVM Capital Management Ltd. MI lifted its stake in shares of nVent Electric by 8.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company's stock valued at $10,307,000 after buying an additional 11,349 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in nVent Electric by 12.4% in the 4th quarter. Pacer Advisors Inc. now owns 55,790 shares of the company's stock worth $3,803,000 after buying an additional 6,175 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on NVT shares. CL King raised nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Monday, March 17th. Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. 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 report on Monday, April 14th. The Goldman Sachs Group lowered their target price on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays cut their target price on shares of nVent Electric from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, nVent Electric presently has an average rating of "Buy" and an average price target of $69.00.

nVent Electric Price Performance

Shares of NVT stock traded up $1.57 on Thursday, reaching $56.48. The company's stock had a trading volume of 2,542,572 shares, compared to its average volume of 2,339,664. The stock's fifty day simple moving average is $53.72 and its 200-day simple moving average is $65.63. nVent Electric plc has a 1 year low of $41.71 and a 1 year high of $86.57. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65.

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

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. nVent Electric's dividend payout ratio (DPR) is presently 40.82%.

About nVent Electric

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.