nVent Electric plc (NYSE:NVT) Stake Increased by Good Life Advisors LLC

Good Life Advisors LLC raised its holdings in shares of nVent Electric plc (NYSE:NVT) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,892 shares of the company’s stock after purchasing an additional 2,004 shares during the period. Good Life Advisors LLC’s holdings in nVent Electric were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in nVent Electric during the fourth quarter valued at $26,000. Larson Financial Group LLC increased its stake in nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Huntington National Bank increased its stake in nVent Electric by 57.3% during the third quarter. Huntington National Bank now owns 612 shares of the company’s stock valued at $43,000 after purchasing an additional 223 shares during the last quarter. Brooklyn Investment Group bought a new stake in nVent Electric during the third quarter valued at $44,000. Finally, Tsfg LLC bought a new stake in nVent Electric during the fourth quarter valued at $51,000. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $80.00, for a total value of $524,640.00. Following the completion of the sale, the director now directly owns 45,040 shares of the company’s stock, valued at approximately $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Stock Up 0.8 %

nVent Electric stock opened at $68.86 on Wednesday. The company has a 50-day simple moving average of $69.53 and a 200-day simple moving average of $70.13. The firm has a market capitalization of $11.35 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. nVent Electric plc has a one year low of $56.44 and a one year high of $86.57.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. As a group, equities analysts expect that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, April 25th. nVent Electric’s payout ratio is currently 40.82%.

Analyst Upgrades and Downgrades

NVT has been the subject of several recent research reports. Barclays boosted their target price on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Citigroup lowered their price target on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $86.33.

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.