NewEdge Advisors LLC boosted its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 1,010.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,505 shares of the company's stock after buying an additional 21,389 shares during the quarter. NewEdge Advisors LLC's holdings in nVent Electric were worth $1,602,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in nVent Electric during the 4th quarter valued at approximately $26,000. Tsfg LLC bought a new stake in shares of nVent Electric in the fourth quarter valued at about $51,000. Raleigh Capital Management Inc. grew its position in nVent Electric by 547.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 751 shares of the company's stock worth $51,000 after buying an additional 635 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in nVent Electric by 26.5% during the fourth 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. Finally, Blue Trust Inc. raised its holdings in nVent Electric by 243.5% in the 4th quarter. Blue Trust Inc. now owns 869 shares of the company's stock valued at $61,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.
nVent Electric Trading Up 0.0 %
NVT stock traded up $0.02 during midday trading on Tuesday, reaching $54.58. The company's stock had a trading volume of 294,852 shares, compared to its average volume of 1,895,648. The business's 50-day simple moving average is $54.11 and its 200-day simple moving average is $65.78. 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 52 week low of $41.71 and a 52 week high of $86.57. The stock has a market cap of $8.99 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21.
nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts expect that nVent Electric plc will post 3.04 EPS 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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric's payout ratio is 40.82%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NVT. Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. The Goldman Sachs Group dropped their price objective on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. CL King upgraded 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 report on Monday, March 17th. KeyCorp lowered their target price on shares of nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup decreased their price objective on nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, nVent Electric currently has an average rating of "Buy" and an average target price of $69.00.
Check Out Our Latest Research Report on nVent Electric
About nVent Electric
(
Free Report)
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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