International Assets Investment Management LLC Invests $821,000 in nVent Electric plc (NYSE:NVT)

International Assets Investment Management LLC bought a new stake in shares of nVent Electric plc (NYSE:NVT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,886 shares of the company's stock, valued at approximately $821,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC raised its position in shares of nVent Electric by 123.2% in the fourth quarter. Quent Capital LLC now owns 424 shares of the company's stock worth $25,000 after acquiring an additional 234 shares during the period. HM Payson & Co. acquired a new position in shares of nVent Electric in the third quarter worth about $26,000. Arlington Trust Co LLC acquired a new position in shares of nVent Electric in the third quarter worth about $30,000. Pacific Center for Financial Services acquired a new position in shares of nVent Electric in the third quarter worth about $32,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of nVent Electric in the third quarter worth about $33,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Price Performance

NYSE NVT traded up $1.20 during trading hours on Wednesday, hitting $73.72. 1,840,618 shares of the company's stock traded hands, compared to its average volume of 1,261,619. nVent Electric plc has a 52-week low of $40.19 and a 52-week high of $78.98. The company has a market capitalization of $12.23 billion, a PE ratio of 21.88, a PEG ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.22. The firm's 50-day moving average is $71.04 and its 200-day moving average is $60.86.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.78 earnings per share (EPS) 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 company had revenue of $861.20 million during the quarter, compared to analysts' expectations of $866.90 million. During the same quarter in the prior year, the company earned $0.66 EPS. nVent Electric's revenue was up 16.1% compared to the same quarter last year. Equities analysts forecast that nVent Electric plc will post 3.24 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.19 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.76 annualized dividend and a dividend yield of 1.03%. nVent Electric's dividend payout ratio (DPR) is 22.55%.

Insider Activity

In other news, Director Randall J. Hogan sold 184,572 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $64.03, for a total value of $11,818,145.16. Following the completion of the sale, the director now owns 8,277 shares of the company's stock, valued at approximately $529,976.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Randall J. Hogan sold 184,572 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $64.03, for a total value of $11,818,145.16. Following the completion of the sale, the director now owns 8,277 shares of the company's stock, valued at approximately $529,976.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph A. Ruzynski sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total transaction of $160,575.00. Following the completion of the sale, the insider now directly owns 36,013 shares of the company's stock, valued at approximately $2,313,114.99. The disclosure for this sale can be found here. Insiders sold a total of 400,252 shares of company stock valued at $25,713,777 in the last 90 days. Company insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVT. Barclays upped their price objective on shares of nVent Electric from $74.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $69.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. Royal Bank of Canada boosted their target price on shares of nVent Electric from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Citigroup boosted their target price on shares of nVent Electric from $71.00 to $91.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of nVent Electric in a research note on Monday, March 11th. They set a "buy" rating and a $83.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.60.

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.