nVent Electric plc (NYSE:NVT) Shares Purchased by Haverford Trust Co

Haverford Trust Co boosted its position in shares of nVent Electric plc (NYSE:NVT - Free Report) by 32.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 537,335 shares of the company's stock after acquiring an additional 132,782 shares during the period. Haverford Trust Co owned about 0.32% of nVent Electric worth $31,751,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NVT. Addison Capital Co grew its stake in shares of nVent Electric by 46.4% during the fourth quarter. Addison Capital Co now owns 9,465 shares of the company's stock worth $559,000 after purchasing an additional 3,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of nVent Electric by 59.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,426 shares of the company's stock valued at $1,148,000 after acquiring an additional 7,224 shares during the last quarter. Lmcg Investments LLC raised its position in shares of nVent Electric by 70.9% during the 4th quarter. Lmcg Investments LLC now owns 19,817 shares of the company's stock worth $1,171,000 after acquiring an additional 8,221 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in nVent Electric during the fourth quarter worth approximately $200,000. Finally, Jump Financial LLC boosted its holdings in nVent Electric by 194.1% in the fourth quarter. Jump Financial LLC now owns 39,432 shares of the company's stock valued at $2,330,000 after purchasing an additional 26,024 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NVT shares. Citigroup lifted their price target on shares of nVent Electric from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. Royal Bank of Canada reduced their target price on nVent Electric from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on nVent Electric in a research note on Monday, March 11th. They set a "buy" rating and a $83.00 price target on the stock. Barclays boosted their price objective on nVent Electric from $74.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their price objective on nVent Electric from $77.00 to $87.00 and gave the company a "buy" rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.00.

nVent Electric Stock Performance

NVT traded down $0.40 on Friday, hitting $80.01. 1,625,279 shares of the company traded hands, compared to its average volume of 1,363,622. nVent Electric plc has a 12-month low of $40.44 and a 12-month high of $84.36. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $74.67 and a 200-day moving average of $63.86. The stock has a market capitalization of $13.28 billion, a PE ratio of 23.33, a PEG ratio of 1.88 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. The firm had revenue of $874.60 million during the quarter, compared to analysts' expectations of $864.14 million. During the same period in the prior year, the company posted $0.67 earnings per share. The firm's revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts anticipate that nVent Electric plc will post 3.27 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. nVent Electric's dividend payout ratio (DPR) is presently 22.16%.

Insiders Place Their Bets

In other nVent Electric news, insider Michael B. Faulconer sold 10,961 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $67.33, for a total transaction of $738,004.13. Following the sale, the insider now directly owns 33,109 shares in the company, valued at approximately $2,229,228.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

nVent Electric Company 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.

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