Linden Thomas Advisory Services LLC Increases Stock Position in nVent Electric plc (NYSE:NVT)

Linden Thomas Advisory Services LLC raised its holdings in nVent Electric plc (NYSE:NVT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,221 shares of the company’s stock after purchasing an additional 319 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in nVent Electric were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NVT. Vontobel Holding Ltd. purchased a new stake in nVent Electric in the 3rd quarter valued at approximately $432,000. CWM LLC boosted its holdings in nVent Electric by 82.3% in the 3rd quarter. CWM LLC now owns 2,850 shares of the company’s stock valued at $151,000 after purchasing an additional 1,287 shares in the last quarter. IFP Advisors Inc boosted its holdings in nVent Electric by 2,003.0% in the 3rd quarter. IFP Advisors Inc now owns 3,533 shares of the company’s stock valued at $187,000 after purchasing an additional 3,365 shares in the last quarter. SG Americas Securities LLC boosted its holdings in nVent Electric by 160.6% in the 3rd quarter. SG Americas Securities LLC now owns 31,658 shares of the company’s stock valued at $1,678,000 after purchasing an additional 19,509 shares in the last quarter. Finally, Park Place Capital Corp purchased a new stake in nVent Electric in the 3rd quarter valued at approximately $92,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NVT. Barclays boosted their price target on nVent Electric from $74.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup boosted their price target on nVent Electric from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. The Goldman Sachs Group boosted their price target on nVent Electric from $69.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft began 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. Finally, Royal Bank of Canada boosted their price target on nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.60.

nVent Electric Price Performance

NVT stock opened at $73.72 on Thursday. nVent Electric plc has a 1 year low of $40.19 and a 1 year high of $78.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.82. The stock’s 50 day moving average price is $71.04 and its 200 day moving average price is $60.86. The firm has a market cap of $12.23 billion, a P/E ratio of 21.88, a PEG ratio of 1.56 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its earnings results on Tuesday, February 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $861.20 million for the quarter, compared to analyst estimates of $866.90 million. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. nVent Electric’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, sell-side analysts expect that nVent Electric plc will post 3.24 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

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

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $64.23, for a total value of $160,575.00. Following the completion of the transaction, the insider now directly owns 36,013 shares in the company, valued at approximately $2,313,114.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $64.23, for a total value of $160,575.00. Following the completion of the transaction, the insider now directly owns 36,013 shares in the company, valued at approximately $2,313,114.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Beth Wozniak sold 198,211 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $64.29, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 400,252 shares of company stock worth $25,713,777. Insiders own 2.50% of the company’s stock.

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.