Susquehanna Fundamental Investments LLC Invests $10.32 Million in nVent Electric plc (NYSE:NVT)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of nVent Electric plc (NYSE:NVT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 151,402 shares of the company's stock, valued at approximately $10,320,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of nVent Electric as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. World Investment Advisors LLC purchased a new position in shares of nVent Electric during the third quarter valued at $314,000. Wilmington Savings Fund Society FSB bought a new position in nVent Electric during the 3rd quarter worth about $124,000. Tidal Investments LLC increased its position in nVent Electric by 42.0% during the 3rd quarter. Tidal Investments LLC now owns 46,016 shares of the company's stock valued at $3,233,000 after purchasing an additional 13,621 shares during the period. Franklin Resources Inc. raised its holdings in shares of nVent Electric by 22.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock valued at $527,374,000 after purchasing an additional 1,269,335 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of nVent Electric by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,763,254 shares of the company's stock worth $123,891,000 after purchasing an additional 28,876 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

Shares of nVent Electric stock traded up $4.14 during midday trading on Friday, hitting $60.53. The company had a trading volume of 1,623,322 shares, compared to its average volume of 1,912,491. The company has a fifty day simple moving average of $53.64 and a 200 day simple moving average of $65.50. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 1.48 and a beta of 1.21. 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 12-month low of $41.71 and a 12-month high of $86.57.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. The business had revenue of $809.30 million during the quarter, compared to the consensus estimate of $790.74 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts predict that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.32%. nVent Electric's payout ratio is currently 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVT. Barclays reduced their price objective 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. Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. KeyCorp cut their target price on nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their price target on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, CL King upgraded shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, March 17th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, nVent Electric currently has an average rating of "Buy" and an average price target of $69.00.

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.