nVent Electric (NYSE:NVT) posted its quarterly earnings data on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01, Bloomberg Earnings reports. The firm had revenue of $538.00 million for the quarter, compared to the consensus estimate of $546.43 million. nVent Electric had a net margin of 10.43% and a return on equity of 10.08%. nVent Electric’s quarterly revenue was down .2% compared to the same quarter last year.

NVT opened at $27.61 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.90 billion and a price-to-earnings ratio of 15.87. nVent Electric has a 1 year low of $19.71 and a 1 year high of $29.84.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, April 18th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, April 17th. nVent Electric’s dividend payout ratio is 40.23%.

A number of research firms have issued reports on NVT. Buckingham Research began coverage on shares of nVent Electric in a report on Tuesday, March 26th. They set a “buy” rating and a $30.00 price objective on the stock. Zacks Investment Research raised shares of nVent Electric from a “sell” rating to a “hold” rating in a report on Friday, February 1st. ValuEngine downgraded shares of nVent Electric from a “hold” rating to a “sell” rating in a report on Monday, April 1st. KeyCorp reaffirmed a “buy” rating and set a $30.00 price objective (up from $29.00) on shares of nVent Electric in a report on Wednesday, February 27th. Finally, Vertical Research raised shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.86.

Several large investors have recently modified their holdings of NVT. Standard Life Aberdeen plc purchased a new position in shares of nVent Electric in the 3rd quarter worth about $389,000. JPMorgan Chase & Co. boosted its holdings in shares of nVent Electric by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 214,555 shares of the company’s stock worth $5,828,000 after buying an additional 51,761 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of nVent Electric in the 3rd quarter worth about $520,000. The Manufacturers Life Insurance Company boosted its holdings in shares of nVent Electric by 7.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 278,182 shares of the company’s stock worth $7,556,000 after buying an additional 19,221 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in nVent Electric by 5.6% during the third quarter. Thrivent Financial for Lutherans now owns 39,052 shares of the company’s stock valued at $1,061,000 after purchasing an additional 2,060 shares during the last quarter. 87.05% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2019/04/25/nvent-electric-nvt-posts-earnings-results.html.

About nVent Electric

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

See Also: What does cost of debt say about a company’s financial health?

Receive News & Ratings for nVent Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nVent Electric and related companies with MarketBeat.com's FREE daily email newsletter.