nVent Electric plc (NYSE:NVT) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in shares of nVent Electric plc (NYSE:NVT) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,034 shares of the company’s stock after purchasing an additional 956 shares during the quarter. Yousif Capital Management LLC’s holdings in nVent Electric were worth $4,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVT. Quent Capital LLC raised its position in shares of nVent Electric by 123.2% during the 4th quarter. Quent Capital LLC now owns 424 shares of the company’s stock worth $25,000 after purchasing an additional 234 shares during the period. HM Payson & Co. acquired a new stake in nVent Electric in the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in nVent Electric in the 3rd quarter valued at approximately $30,000. Pacific Center for Financial Services acquired a new stake in nVent Electric in the 3rd quarter valued at approximately $32,000. Finally, Baystate Wealth Management LLC acquired a new stake in nVent Electric in the 3rd quarter valued at approximately $33,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on NVT. Barclays raised their target price on nVent Electric from $74.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group raised their target price on nVent Electric from $69.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Royal Bank of Canada raised their target price on nVent Electric from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on nVent Electric in a research report on Monday, March 11th. They issued a “buy” rating and a $83.00 target price on the stock. Finally, Citigroup raised their target price on nVent Electric from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.60.

nVent Electric Stock Up 1.7 %

Shares of NVT stock opened at $75.72 on Friday. nVent Electric plc has a 1 year low of $40.19 and a 1 year high of $78.98. The stock has a market cap of $12.57 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. The business’s fifty day moving average is $71.51 and its 200-day moving average is $61.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.82.

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

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, April 25th. nVent Electric’s payout ratio is 22.55%.

Insider Buying and Selling

In related news, Director Jerry W. Burris sold 4,008 shares of nVent Electric stock in a transaction on Friday, February 16th. The stock was sold at an average price of $63.39, for a total value of $254,067.12. Following the transaction, the director now directly owns 43,072 shares in the company, valued at approximately $2,730,334.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jerry W. Burris sold 4,008 shares of nVent Electric stock in a transaction on Friday, February 16th. The stock was sold at an average price of $63.39, for a total value of $254,067.12. Following the transaction, the director now directly owns 43,072 shares in the company, valued at approximately $2,730,334.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall J. Hogan sold 184,572 shares of nVent Electric stock in a transaction on Friday, February 9th. The stock was sold at an average price of $64.03, for a total value of $11,818,145.16. Following the completion of the transaction, the director now owns 8,277 shares in the company, valued at $529,976.31. The disclosure for this sale can be found here. Insiders have sold 400,252 shares of company stock worth $25,713,777 in the last three months. 2.50% of the stock is currently owned by insiders.

nVent Electric 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.