Calamos Advisors LLC Purchases 176 Shares of nVent Electric plc (NYSE:NVT)

Calamos Advisors LLC grew its position in nVent Electric plc (NYSE:NVT) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,468 shares of the company’s stock after acquiring an additional 176 shares during the quarter. Calamos Advisors LLC’s holdings in nVent Electric were worth $782,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in nVent Electric in the fourth quarter worth about $26,000. Larson Financial Group LLC boosted its stake in nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in nVent Electric in the 3rd quarter worth approximately $29,000. UMB Bank n.a. boosted its stake in nVent Electric by 280.0% in the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 308 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of nVent Electric by 57.3% during the third quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after buying an additional 223 shares during the period. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Trading Up 1.2 %

Shares of NYSE:NVT opened at $63.68 on Thursday. nVent Electric plc has a 12-month low of $56.44 and a 12-month high of $86.57. The company has a market capitalization of $10.50 billion, a PE ratio of 18.67, a PEG ratio of 3.02 and a beta of 1.26. The business has a 50 day moving average of $71.36 and a two-hundred day moving average of $70.44. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a $0.20 dividend. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, January 17th. nVent Electric’s payout ratio is currently 23.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVT. Citigroup lowered their price objective on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. KeyCorp lifted their target price on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada lifted their target price on nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and an average target price of $86.17.

Insider Activity at nVent Electric

In other news, CFO Sara E. Zawoyski sold 14,505 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the transaction, the chief financial officer now directly owns 62,215 shares of the company’s stock, valued at $4,775,623.40. This represents a 18.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the transaction, the director now owns 45,040 shares of the company’s stock, valued at $3,603,200. This represents a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.