V Square Quantitative Management LLC Increases Stock Position in nVent Electric plc (NYSE:NVT)

V Square Quantitative Management LLC grew its stake in shares of nVent Electric plc (NYSE:NVT) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,579 shares of the company’s stock after acquiring an additional 2,707 shares during the quarter. V Square Quantitative Management LLC’s holdings in nVent Electric were worth $873,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB grew its position in nVent Electric by 16.9% during the fourth 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 during the period. Geode Capital Management LLC grew its position in nVent Electric by 1.1% during the third 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 during the period. Harbor Capital Advisors Inc. bought a new stake in nVent Electric during the fourth quarter valued at approximately $1,520,000. TT International Asset Management LTD grew its position in nVent Electric by 20.4% during the fourth quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock valued at $7,388,000 after buying an additional 18,376 shares during the period. Finally, LVM Capital Management Ltd. MI lifted its holdings in nVent Electric by 8.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company’s stock valued at $10,307,000 after purchasing an additional 11,349 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Transactions at nVent Electric

In other news, Director Jerry W. Burris sold 6,558 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $80.00, for a total transaction of $524,640.00. Following the sale, the director now owns 45,040 shares of the company’s stock, valued at $3,603,200. This trade represents a 12.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NVT shares. Royal Bank of Canada lifted 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. Barclays lifted their price target on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup lowered their price target on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $86.33.

nVent Electric Stock Performance

NVT stock opened at $68.40 on Friday. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 3.01 and a beta of 1.26. The firm has a 50-day simple moving average of $69.84 and a two-hundred day simple moving average of $70.16. nVent Electric plc has a one year low of $56.44 and a one year high of $86.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.73.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, equities analysts forecast that nVent Electric plc will post 3.03 EPS for the current fiscal year.

nVent Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a dividend of $0.20 per share. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. nVent Electric’s dividend payout ratio (DPR) is presently 40.82%.

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.