Dimensional Fund Advisors LP Has $128.68 Million Holdings in nVent Electric plc (NYSE:NVT)

Dimensional Fund Advisors LP lessened its stake in nVent Electric plc (NYSE:NVTFree Report) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,177,575 shares of the company’s stock after selling 1,130,913 shares during the quarter. Dimensional Fund Advisors LP owned about 1.31% of nVent Electric worth $128,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NVT. Sequoia Financial Advisors LLC bought a new position in nVent Electric in the 4th quarter worth approximately $2,492,000. Citigroup Inc. lifted its stake in shares of nVent Electric by 73.9% during the third quarter. Citigroup Inc. now owns 71,372 shares of the company’s stock valued at $3,782,000 after acquiring an additional 30,325 shares during the period. Mariner LLC boosted its holdings in nVent Electric by 10.1% in the third quarter. Mariner LLC now owns 24,649 shares of the company’s stock valued at $1,306,000 after acquiring an additional 2,263 shares during the last quarter. Jump Financial LLC increased its position in nVent Electric by 194.1% in the fourth quarter. Jump Financial LLC now owns 39,432 shares of the company’s stock worth $2,330,000 after purchasing an additional 26,024 shares during the period. Finally, Principal Securities Inc. bought a new stake in nVent Electric during the 4th quarter worth about $1,221,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael B. Faulconer sold 10,961 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $67.33, for a total transaction of $738,004.13. Following the completion of the sale, the insider now owns 33,109 shares of the company’s stock, valued at $2,229,228.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVT. Deutsche Bank Aktiengesellschaft began coverage on shares of nVent Electric in a research note on Monday, March 11th. They issued a “buy” rating and a $83.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Barclays upped their target price on shares of nVent Electric from $74.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup raised their price target on nVent Electric from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Royal Bank of Canada dropped their price objective on nVent Electric from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Check Out Our Latest Report on NVT

nVent Electric Price Performance

Shares of NVT stock opened at $80.01 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. nVent Electric plc has a 12-month low of $40.44 and a 12-month high of $84.36. The firm has a fifty day moving average of $74.90 and a 200-day moving average of $64.19. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35.

nVent Electric (NYSE:NVTGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.04. The firm had revenue of $874.60 million for the quarter, compared to analyst estimates of $864.14 million. nVent Electric had a return on equity of 17.47% and a net margin of 17.02%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts forecast that nVent Electric plc will post 3.27 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, July 19th. This represents a $0.76 dividend on an annualized basis and a yield of 0.95%. nVent Electric’s payout ratio is 22.16%.

nVent Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

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