nVent Electric plc (NYSE:NVT) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in nVent Electric plc (NYSE:NVT) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,459 shares of the company’s stock after selling 466 shares during the quarter. Securian Asset Management Inc.’s holdings in nVent Electric were worth $849,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NVT. Nordea Investment Management AB increased its stake in nVent Electric by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 93,172 shares of the company’s stock worth $6,378,000 after purchasing an additional 13,483 shares during the period. Geode Capital Management LLC increased its stake in nVent Electric by 1.1% in the third 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of nVent Electric in the fourth quarter valued at approximately $1,520,000. TT International Asset Management LTD boosted its holdings in shares of nVent Electric by 20.4% in the fourth quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock valued at $7,388,000 after acquiring an additional 18,376 shares during the period. Finally, LVM Capital Management Ltd. MI grew its position in nVent Electric by 8.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company’s stock valued at $10,307,000 after buying an additional 11,349 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Up 4.9 %

NYSE:NVT opened at $56.84 on Friday. nVent Electric plc has a 1 year low of $51.99 and a 1 year high of $86.57. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.48 and a beta of 1.31. The business has a fifty day moving average of $64.98 and a 200-day moving average of $69.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

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

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 annualized dividend and a yield of 1.41%. nVent Electric’s dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

NVT has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Citigroup cut their target price on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Barclays dropped their price objective on shares of nVent Electric from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average price target of $86.00.

nVent Electric Company 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.