Private Advisor Group LLC Invests $242,000 in nVent Electric PLC (NVT) Stock

Private Advisor Group LLC purchased a new stake in shares of nVent Electric PLC (NYSE:NVT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,795 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of nVent Electric by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 214,555 shares of the company’s stock worth $5,828,000 after purchasing an additional 51,761 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of nVent Electric by 64.5% in the third quarter. Marshall Wace North America L.P. now owns 416,127 shares of the company’s stock worth $11,302,000 after purchasing an additional 163,222 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of nVent Electric by 9.2% in the third quarter. Ancora Advisors LLC now owns 342,750 shares of the company’s stock worth $9,309,000 after purchasing an additional 28,929 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of nVent Electric by 1.2% in the third quarter. Vanguard Group Inc. now owns 14,253,847 shares of the company’s stock worth $387,135,000 after purchasing an additional 174,628 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp increased its holdings in shares of nVent Electric by 2.6% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 74,330 shares of the company’s stock worth $1,669,000 after purchasing an additional 1,889 shares during the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on NVT. KeyCorp reaffirmed a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of nVent Electric in a report on Wednesday, February 27th. Zacks Investment Research cut nVent Electric from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, Vertical Research began coverage on nVent Electric in a report on Wednesday, November 28th. They issued a “hold” rating and a $28.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.67.

Shares of NVT stock opened at $27.16 on Friday. The stock has a market capitalization of $4.87 billion and a PE ratio of 15.61. nVent Electric PLC has a 12-month low of $19.71 and a 12-month high of $29.84. The company has a current ratio of 1.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The company had revenue of $568.10 million during the quarter, compared to analysts’ expectations of $547.30 million. nVent Electric had a return on equity of 10.08% and a net margin of 10.43%. As a group, analysts predict that nVent Electric PLC will post 1.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 18th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.70 annualized dividend and a yield of 2.58%. nVent Electric’s dividend payout ratio is currently 40.23%.

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nVent Electric Profile

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.

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Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

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