nVent Electric plc (NYSE:NVT) Stake Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of nVent Electric plc (NYSE:NVT) by 1.7% during the fourth quarter, HoldingsChannel.com reports. 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 hedge funds also recently made changes to their positions in NVT. Quent Capital LLC raised its holdings in nVent Electric by 123.2% during the fourth quarter. Quent Capital LLC now owns 424 shares of the company’s stock worth $25,000 after purchasing an additional 234 shares in the last quarter. HM Payson & Co. bought a new stake in nVent Electric during the third quarter worth approximately $26,000. Arlington Trust Co LLC bought a new stake in nVent Electric during the third quarter worth approximately $30,000. Pacific Center for Financial Services bought a new stake in nVent Electric during the third quarter worth approximately $32,000. Finally, Baystate Wealth Management LLC bought a new stake in nVent Electric during the third quarter worth approximately $33,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Up 1.7 %

NYSE NVT opened at $73.72 on Thursday. nVent Electric plc has a twelve month low of $40.19 and a twelve month 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 has a market cap of $12.23 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.56 and a beta of 1.35. The firm’s 50 day moving average price is $71.04 and its two-hundred day moving average price is $60.86.

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

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 25th. nVent Electric’s payout ratio is 22.55%.

Insiders Place Their Bets

In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of nVent Electric stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total transaction of $160,575.00. Following the transaction, the insider now directly owns 36,013 shares in the company, valued at approximately $2,313,114.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Beth Wozniak sold 198,211 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the transaction, the chief executive officer now directly owns 342 shares in the company, valued at approximately $21,987.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph A. Ruzynski sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total transaction of $160,575.00. Following the transaction, the insider now owns 36,013 shares in the company, valued at $2,313,114.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 400,252 shares of company stock worth $25,713,777. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on nVent Electric from $69.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of nVent Electric in a research report on Monday, March 11th. They issued a “buy” rating and a $83.00 price target on the stock. Citigroup lifted their price target on shares of nVent Electric from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada lifted their price target on shares of nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Barclays lifted their price target on shares of nVent Electric from $74.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

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.