nVent Electric plc (NYSE:NVT) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 217.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,874 shares of the company's stock after buying an additional 17,724 shares during the quarter. Vontobel Holding Ltd.'s holdings in nVent Electric were worth $1,529,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NVT. Quent Capital LLC increased its holdings in shares of nVent Electric by 123.2% during the 4th quarter. Quent Capital LLC now owns 424 shares of the company's stock valued at $25,000 after purchasing an additional 234 shares in the last quarter. HM Payson & Co. purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $30,000. Coppell Advisory Solutions LLC purchased a new position in shares of nVent Electric during the 2nd quarter valued at approximately $31,000. Finally, Pacific Center for Financial Services purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $32,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Price Performance

Shares of nVent Electric stock traded up $0.09 during trading hours on Friday, reaching $71.63. 1,868,828 shares of the company's stock were exchanged, compared to its average volume of 1,182,309. nVent Electric plc has a 1 year low of $40.19 and a 1 year high of $78.98. The company has a market capitalization of $11.89 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The business has a fifty day moving average of $70.48 and a two-hundred day moving average of $60.44. The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. nVent Electric had a net margin of 17.38% and a return on equity of 17.53%. The firm had revenue of $861.20 million for the quarter, compared to analysts' expectations of $866.90 million. During the same quarter in the previous year, the company posted $0.66 EPS. The company's revenue was up 16.1% compared to the same quarter last year. As a group, research analysts predict that nVent Electric plc will post 3.24 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.19 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a yield of 1.06%. nVent Electric's payout ratio is currently 22.55%.

Insider Transactions at nVent Electric

In other news, CEO Beth Wozniak sold 198,211 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the sale, the chief executive officer now owns 342 shares of the company's stock, valued at $21,987.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Beth Wozniak sold 198,211 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the sale, the chief executive officer now owns 342 shares of the company's stock, valued at $21,987.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry W. Burris sold 4,008 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $63.39, for a total transaction of $254,067.12. Following the sale, the director now directly owns 43,072 shares in the company, valued at approximately $2,730,334.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 400,252 shares of company stock valued at $25,713,777. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVT has been the subject of several recent research reports. Citigroup lifted their target price on shares of nVent Electric from $71.00 to $91.00 and gave the company a "buy" rating in a report on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of nVent Electric from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. Barclays boosted their price target on shares of nVent Electric from $74.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of nVent Electric in a report on Monday, March 11th. They issued a "buy" rating and a $83.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on shares of nVent Electric from $69.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, March 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.60.

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.