Headlands Technologies LLC Grows Position in nVent Electric plc (NYSE:NVT)

Headlands Technologies LLC grew its stake in nVent Electric plc (NYSE:NVT) by 73.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,132 shares of the company’s stock after buying an additional 478 shares during the quarter. Headlands Technologies LLC’s holdings in nVent Electric were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC boosted its position in nVent Electric by 123.2% in the 4th quarter. Quent Capital LLC now owns 424 shares of the company’s stock worth $25,000 after purchasing an additional 234 shares in the last quarter. HM Payson & Co. purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $30,000. Pacific Center for Financial Services purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $32,000. Finally, Baystate Wealth Management LLC purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Down 4.3 %

NYSE NVT opened at $72.06 on Wednesday. The business has a fifty day moving average price of $71.93 and a 200 day moving average price of $61.51. nVent Electric plc has a one year low of $40.22 and a one year 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 $11.96 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.62 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 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $866.90 million. During the same period in the prior year, the company earned $0.66 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Research analysts anticipate that nVent Electric plc will post 3.24 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 22.55%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

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.