Yousif Capital Management LLC Has $4.73 Million Stock Position in nVent Electric plc (NYSE:NVT)

Yousif Capital Management LLC raised its stake in shares of nVent Electric plc (NYSE:NVT) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,034 shares of the company’s stock after purchasing an additional 956 shares during the quarter. Yousif Capital Management LLC’s holdings in nVent Electric were worth $4,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NVT. Congress Asset Management Co. MA acquired a new stake in nVent Electric during the third quarter valued at approximately $116,908,000. FMR LLC boosted its holdings in shares of nVent Electric by 41.8% in the 3rd quarter. FMR LLC now owns 6,556,055 shares of the company’s stock worth $347,405,000 after acquiring an additional 1,932,142 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of nVent Electric by 68.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,952,040 shares of the company’s stock worth $209,419,000 after acquiring an additional 1,604,534 shares in the last quarter. Robeco Schweiz AG boosted its holdings in shares of nVent Electric by 3,911.6% in the 3rd quarter. Robeco Schweiz AG now owns 1,315,800 shares of the company’s stock worth $69,724,000 after acquiring an additional 1,283,000 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of nVent Electric in the 3rd quarter worth approximately $36,106,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on nVent Electric in a report on Monday, March 11th. They issued a “buy” rating and a $83.00 target price on the stock. The Goldman Sachs Group boosted their target price on nVent Electric from $69.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Barclays boosted their target price on nVent Electric from $74.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup boosted their target price on nVent Electric from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total transaction of $160,575.00. Following the completion of the sale, the insider now owns 36,013 shares in the company, valued at approximately $2,313,114.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total transaction of $160,575.00. Following the completion of the sale, the insider now owns 36,013 shares in the company, valued at approximately $2,313,114.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall J. Hogan sold 184,572 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $64.03, for a total transaction of $11,818,145.16. Following the sale, the director now owns 8,277 shares of the company’s stock, valued at approximately $529,976.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 400,252 shares of company stock worth $25,713,777. Insiders own 2.50% of the company’s stock.

nVent Electric Stock Up 1.7 %

NYSE:NVT opened at $75.72 on Friday. The stock’s fifty day moving average price is $71.51 and its two-hundred day moving average price is $61.11. nVent Electric plc has a 52-week low of $40.19 and a 52-week high of $78.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.82. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.60 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. The firm had revenue of $861.20 million for the quarter, compared to the consensus estimate of $866.90 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts anticipate that nVent Electric plc will post 3.24 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, April 25th. nVent Electric’s dividend payout ratio is 22.55%.

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.