Tudor Investment Corp ET AL Sells 151,329 Shares of nVent Electric plc (NYSE:NVT)

Tudor Investment Corp ET AL decreased its holdings in shares of nVent Electric plc (NYSE:NVT - Free Report) by 76.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,777 shares of the company's stock after selling 151,329 shares during the period. Tudor Investment Corp ET AL's holdings in nVent Electric were worth $3,120,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in shares of nVent Electric by 4.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock worth $259,000 after acquiring an additional 150 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in nVent Electric by 26.5% in the 4th 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 in the last quarter. Calamos Advisors LLC increased its position in shares of nVent Electric by 1.6% during the fourth quarter. Calamos Advisors LLC now owns 11,468 shares of the company's stock worth $782,000 after acquiring an additional 176 shares during the period. Hancock Whitney Corp raised its position in nVent Electric by 1.4% in the 4th quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock valued at $1,025,000 after purchasing an additional 206 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in nVent Electric by 2.5% during the 4th quarter. Keybank National Association OH now owns 9,509 shares of the company's stock worth $648,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

NVT stock traded down $0.70 on Tuesday, reaching $60.36. The company's stock had a trading volume of 2,659,818 shares, compared to its average volume of 1,920,202. The company has a market capitalization of $9.94 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. nVent Electric plc has a 52 week low of $41.71 and a 52 week high of $86.57. The firm has a fifty day moving average of $53.63 and a two-hundred day moving average of $65.17.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.01. The business had revenue of $809.30 million during the quarter, compared to analyst estimates of $790.74 million. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. nVent Electric's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. As a group, analysts predict that nVent Electric plc will post 3.04 EPS 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. Investors of record on Friday, April 25th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, April 25th. nVent Electric's payout ratio is presently 22.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVT. The Goldman Sachs Group dropped their target price on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating on the stock in a research report 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 for the company in a research note on Monday, March 17th. Citigroup lowered their price target on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp lifted their price objective on nVent Electric from $60.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Barclays raised their price objective on shares of nVent Electric from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $70.00.

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.