Blair William & Co. IL Has $542,000 Position in nVent Electric plc (NYSE:NVT)

Blair William & Co. IL cut its stake in shares of nVent Electric plc (NYSE:NVT) by 59.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,951 shares of the company’s stock after selling 11,605 shares during the quarter. Blair William & Co. IL’s holdings in nVent Electric were worth $542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in nVent Electric during the 4th quarter valued at about $26,000. Tsfg LLC acquired a new stake in shares of nVent Electric during the fourth quarter worth approximately $51,000. Raleigh Capital Management Inc. raised its stake in shares of nVent Electric by 547.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 751 shares of the company’s stock valued at $51,000 after acquiring an additional 635 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of nVent Electric by 26.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company’s stock worth $53,000 after acquiring an additional 162 shares in the last quarter. Finally, Blue Trust Inc. grew its position in nVent Electric by 243.5% during the 4th quarter. Blue Trust Inc. now owns 869 shares of the company’s stock worth $61,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Down 6.3 %

Shares of NYSE NVT opened at $45.28 on Friday. nVent Electric plc has a fifty-two week low of $41.90 and a fifty-two week high of $86.57. The firm has a market capitalization of $7.47 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.48 and a beta of 1.21. 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 company’s 50 day simple moving average is $59.82 and its 200 day simple moving average is $68.29.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share 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 predict that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. nVent Electric’s dividend payout ratio is 40.82%.

Analyst Ratings Changes

A number of research firms have commented on NVT. KeyCorp reduced their price objective on nVent Electric from $84.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group reduced their price target on shares of nVent Electric from $86.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup dropped 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. Seaport Res Ptn raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Finally, CL King upgraded shares of nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $77.50.

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.