nVent Electric plc (NYSE:NVT) Stock Position Boosted by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. boosted its stake in nVent Electric plc (NYSE:NVT) by 52.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,160 shares of the company’s stock after buying an additional 38,990 shares during the period. Tocqueville Asset Management L.P.’s holdings in nVent Electric were worth $7,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in nVent Electric by 16.9% in the 4th quarter. Nordea Investment Management AB now owns 93,172 shares of the company’s stock valued at $6,378,000 after buying an additional 13,483 shares in the last quarter. Geode Capital Management LLC grew its position in nVent Electric by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,773,168 shares of the company’s stock valued at $194,894,000 after buying an additional 29,794 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in nVent Electric in the 4th quarter valued at about $1,520,000. TT International Asset Management LTD lifted its holdings in nVent Electric by 20.4% in the 4th quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock valued at $7,388,000 after acquiring an additional 18,376 shares during the last quarter. Finally, LVM Capital Management Ltd. MI lifted its holdings in nVent Electric by 8.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company’s stock valued at $10,307,000 after acquiring an additional 11,349 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

NVT stock opened at $56.72 on Tuesday. The firm has a 50-day moving average of $64.69 and a two-hundred day moving average of $69.31. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $9.36 billion, a PE ratio of 28.94, a P/E/G ratio of 1.48 and a beta of 1.31. nVent Electric plc has a one year low of $51.99 and a one year high of $86.57.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVT shares. Barclays cut their price target on shares of nVent Electric from $88.00 to $83.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. CL King raised shares of nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday. Citigroup cut their price target on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their price target on shares of nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $83.33.

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.