Coppell Advisory Solutions LLC Grows Holdings in nVent Electric plc (NYSE:NVT)

Coppell Advisory Solutions LLC lifted its position in shares of nVent Electric plc (NYSE:NVT) by 237.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,246 shares of the company’s stock after buying an additional 877 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in nVent Electric were worth $85,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Crews Bank & Trust purchased a new stake in nVent Electric in the 4th quarter worth approximately $26,000. Tsfg LLC acquired a new stake in shares of nVent Electric during the fourth quarter worth $51,000. Raleigh Capital Management Inc. grew its position 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 purchasing an additional 635 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in nVent Electric by 26.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company’s stock valued at $53,000 after purchasing an additional 162 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in nVent Electric by 243.5% during the fourth quarter. Blue Trust Inc. now owns 869 shares of the company’s stock worth $61,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Up 0.4 %

Shares of NYSE NVT opened at $54.86 on Friday. The stock has a fifty day moving average price of $54.37 and a 200 day moving average price of $65.99. The company has a market cap of $9.03 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.48 and a beta of 1.21. nVent Electric plc has a 12-month low of $41.71 and a 12-month high of $86.57. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65.

nVent Electric (NYSE:NVT) last announced its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Research analysts anticipate that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, April 25th. nVent Electric’s payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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. Barclays dropped their price target on shares of nVent Electric from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Citigroup decreased 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. KeyCorp dropped their price objective on nVent Electric from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their target price on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $69.00.

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.