nVent Electric plc (NYSE:NVT) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI decreased its position in shares of nVent Electric plc (NYSE:NVT) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,773 shares of the company’s stock after selling 6,659 shares during the quarter. Fiduciary Management Inc. WI owned 0.93% of nVent Electric worth $104,610,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its holdings 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 last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of nVent Electric during the 4th quarter worth $1,520,000. TT International Asset Management LTD boosted its position in shares of nVent Electric by 20.4% in the 4th quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock worth $7,388,000 after buying an additional 18,376 shares in the last quarter. LVM Capital Management Ltd. MI grew its stake 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 acquiring an additional 11,349 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in nVent Electric by 12.4% during the 4th quarter. Pacer Advisors Inc. now owns 55,790 shares of the company’s stock valued at $3,803,000 after acquiring an additional 6,175 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NVT. Citigroup reduced their price target on shares of nVent Electric from $85.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lowered their target price on nVent Electric from $86.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. CL King raised nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, March 17th. Barclays decreased their price objective on nVent Electric from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, KeyCorp cut their target price on shares of nVent Electric from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, nVent Electric presently has an average rating of “Buy” and an average price target of $69.00.

nVent Electric Trading Up 0.4 %

Shares of NVT opened at $49.79 on Friday. The stock’s 50-day moving average is $55.98 and its two-hundred day moving average is $66.60. The stock has a market cap of $8.20 billion, a PE ratio of 25.40, 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. nVent Electric plc has a 12 month low of $41.71 and a 12 month high of $86.57.

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 net margin of 10.09% and a return on equity of 14.52%. Equities analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a yield of 1.61%. nVent Electric’s dividend payout ratio is presently 40.82%.

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.