OneAscent Wealth Management LLC Has $510,000 Stock Holdings in nVent Electric plc (NYSE:NVT)

OneAscent Wealth Management LLC lowered its position in shares of nVent Electric plc (NYSE:NVT) by 13.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,768 shares of the company’s stock after selling 1,066 shares during the quarter. OneAscent Wealth Management LLC’s holdings in nVent Electric were worth $510,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVT. Quent Capital LLC increased its position in shares of nVent Electric by 123.2% in the 4th quarter. Quent Capital LLC now owns 424 shares of the company’s stock valued at $25,000 after buying an additional 234 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of nVent Electric in the first quarter worth about $26,000. Livelsberger Financial Advisory acquired a new stake in shares of nVent Electric during the fourth quarter worth about $28,000. Pacific Center for Financial Services bought a new position in shares of nVent Electric during the 3rd quarter valued at about $32,000. Finally, Rise Advisors LLC acquired a new position in shares of nVent Electric in the 1st quarter valued at approximately $32,000. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reduced their target price on shares of nVent Electric from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Monday, May 6th. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Citigroup raised their price objective on nVent Electric from $91.00 to $92.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on nVent Electric in a report on Monday, March 11th. They set a “buy” rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

nVent Electric Stock Performance

Shares of NVT traded up $0.47 during trading hours on Friday, hitting $76.61. The company had a trading volume of 2,117,374 shares, compared to its average volume of 1,538,346. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.76 and a beta of 1.31. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $78.70 and a 200-day moving average of $69.77. nVent Electric plc has a 12 month low of $45.60 and a 12 month high of $86.57.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, May 3rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $874.60 million for the quarter, compared to the consensus estimate of $864.14 million. nVent Electric had a return on equity of 17.47% and a net margin of 17.02%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. Equities analysts anticipate that nVent Electric plc will post 3.27 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, July 19th. nVent Electric’s dividend payout ratio (DPR) is presently 22.16%.

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.