1,295 Shares in nVent Electric plc (NYSE:NVT) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC acquired a new stake in nVent Electric plc (NYSE:NVT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,295 shares of the company’s stock, valued at approximately $88,000.

Other large investors have also bought and sold shares of the company. Capital Research Global Investors bought a new position in shares of nVent Electric during the fourth quarter worth about $384,749,000. Norges Bank acquired a new stake in nVent Electric during the 4th quarter valued at approximately $197,434,000. Champlain Investment Partners LLC bought a new position in nVent Electric during the 4th quarter worth approximately $86,738,000. Franklin Resources Inc. lifted its position in shares of nVent Electric by 22.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company’s stock worth $527,374,000 after purchasing an additional 1,269,335 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of nVent Electric by 3,186.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 711,343 shares of the company’s stock valued at $48,485,000 after purchasing an additional 689,701 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of research analyst reports. Barclays cut their price target on shares of nVent Electric from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Citigroup cut their target price on shares of nVent Electric from $85.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp decreased their price target 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. The Goldman Sachs Group cut their price objective 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, April 2nd. Finally, Royal Bank of Canada boosted their target price on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $69.00.

nVent Electric Trading Down 0.3 %

NYSE:NVT opened at $54.84 on Thursday. 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 one year low of $41.71 and a one year high of $86.57. The company has a market cap of $9.03 billion, a PE ratio of 27.98, a PEG ratio of 1.48 and a beta of 1.21. The firm has a 50-day moving average of $53.72 and a 200-day moving average of $65.63.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. As a group, equities research analysts expect that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 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.