12,239 Shares in nVent Electric plc (NYSE:NVT) Purchased by Natural Investments LLC

Natural Investments LLC bought a new stake in nVent Electric plc (NYSE:NVT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,239 shares of the company’s stock, valued at approximately $834,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in nVent Electric by 22.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company’s stock valued at $527,374,000 after buying an additional 1,269,335 shares in the last quarter. State Street Corp boosted its position in shares of nVent Electric by 0.9% during the 3rd quarter. State Street Corp now owns 5,031,623 shares of the company’s stock valued at $353,522,000 after purchasing an additional 42,465 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of nVent Electric by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,773,168 shares of the company’s stock valued at $194,894,000 after purchasing an additional 29,794 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of nVent Electric by 23.6% during the 3rd quarter. Janus Henderson Group PLC now owns 2,441,154 shares of the company’s stock valued at $171,492,000 after purchasing an additional 466,042 shares in the last quarter. Finally, Clean Energy Transition LLP boosted its position in shares of nVent Electric by 56.5% during the 3rd quarter. Clean Energy Transition LLP now owns 2,254,633 shares of the company’s stock valued at $158,411,000 after purchasing an additional 813,909 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

NYSE NVT opened at $54.76 on Wednesday. The company has a 50 day simple moving average of $65.79 and a 200-day simple moving average of $69.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. nVent Electric plc has a 52-week low of $51.99 and a 52-week 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%. Equities research analysts predict that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 40.82%.

Analyst Upgrades and Downgrades

NVT has been the subject of several research reports. Citigroup reduced 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 report on Monday, January 13th. Royal Bank of Canada raised their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays decreased their target price 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric has a consensus rating of “Buy” and a consensus price target of $86.00.

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.