Segall Bryant & Hamill LLC Invests $9.34 Million in nVent Electric plc (NYSE:NVT)

Segall Bryant & Hamill LLC purchased a new stake in shares of nVent Electric plc (NYSE:NVT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 137,039 shares of the company’s stock, valued at approximately $9,341,000. Segall Bryant & Hamill LLC owned about 0.08% of nVent Electric at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NVT. Larson Financial Group LLC grew its stake in shares of nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after buying an additional 181 shares during the last quarter. Crews Bank & Trust bought a new stake in nVent Electric during the 4th quarter worth $26,000. Brooklyn Investment Group acquired a new position in nVent Electric in the 3rd quarter worth about $44,000. Tsfg LLC bought a new position in nVent Electric in the fourth quarter valued at about $51,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of nVent Electric by 547.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 751 shares of the company’s stock valued at $51,000 after purchasing an additional 635 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVT shares. Barclays dropped their price objective on shares of nVent Electric from $83.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup cut 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. Seaport Res Ptn upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. CL King raised nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Monday, March 17th. Finally, Royal Bank of Canada increased their price target on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average target price of $82.00.

nVent Electric Price Performance

NVT stock opened at $55.87 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.48 and a beta of 1.31. The company’s fifty day simple moving average is $62.92 and its 200 day simple moving average is $68.92. nVent Electric plc has a 12-month low of $51.99 and a 12-month high of $86.57.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. On average, analysts expect that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. nVent Electric’s dividend payout ratio is currently 40.82%.

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.