1,680 Shares in nVent Electric plc (NYSE:NVT) Bought by Optimum Investment Advisors

Optimum Investment Advisors purchased a new stake in nVent Electric plc (NYSE:NVT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,680 shares of the company’s stock, valued at approximately $115,000.

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

Analysts Set New Price Targets

A number of analysts have issued reports on NVT shares. Citigroup cut their target price on nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Seaport Res Ptn raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Friday. 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. Barclays decreased 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. Finally, Royal Bank of Canada upped their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $83.33.

nVent Electric Price Performance

Shares of NVT opened at $57.11 on Monday. nVent Electric plc has a fifty-two week low of $51.99 and a fifty-two week high of $86.57. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The firm has a 50-day simple moving average of $63.63 and a 200-day simple moving average of $69.06. 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, hitting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, equities research analysts anticipate that nVent Electric plc will post 3.04 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, May 9th. Stockholders 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 dividend yield of 1.40%. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

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.