LVM Capital Management Ltd. MI Has $10.31 Million Stock Holdings in nVent Electric plc (NYSE:NVT)

LVM Capital Management Ltd. MI raised its stake in shares of nVent Electric plc (NYSE:NVT) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,221 shares of the company’s stock after purchasing an additional 11,349 shares during the quarter. nVent Electric accounts for 1.1% of LVM Capital Management Ltd. MI’s portfolio, making the stock its 28th largest holding. LVM Capital Management Ltd. MI’s holdings in nVent Electric were worth $10,307,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NVT. Federated Hermes Inc. boosted its stake in nVent Electric by 6.6% in the 2nd quarter. Federated Hermes Inc. now owns 410,902 shares of the company’s stock valued at $31,479,000 after buying an additional 25,482 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 29,794 shares during the period. Nordea Investment Management AB boosted its stake in shares of 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 purchasing an additional 13,483 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of nVent Electric by 101.2% in the 2nd quarter. AQR Capital Management LLC now owns 358,757 shares of the company’s stock worth $27,484,000 after purchasing an additional 180,488 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth about $606,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on NVT shares. KeyCorp raised their target price on nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Citigroup boosted their target price on shares of nVent Electric from $78.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada increased their price target on shares of nVent Electric from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, nVent Electric has a consensus rating of “Buy” and an average price target of $86.33.

nVent Electric Trading Down 0.8 %

Shares of nVent Electric stock traded down $0.58 during trading on Friday, hitting $69.27. 440,005 shares of the company were exchanged, compared to its average volume of 1,066,059. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The firm has a market capitalization of $11.42 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. The firm’s fifty day moving average price is $73.54 and its 200 day moving average price is $71.51. nVent Electric plc has a 1-year low of $55.19 and a 1-year high of $86.57.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The firm had revenue of $782.00 million for the quarter, compared to analyst estimates of $937.37 million. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that nVent Electric plc will post 2.5 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $0.20 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, January 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. nVent Electric’s dividend payout ratio is currently 23.46%.

Insider Buying and Selling

In other news, CFO Sara E. Zawoyski sold 14,505 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now owns 62,215 shares in the company, valued at $4,775,623.40. This trade represents a 18.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the sale, the director now owns 45,040 shares in the company, valued at $3,603,200. The trade was a 12.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,382 shares of company stock worth $7,365,956 over the last ninety days. 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.