nVent Electric plc (NYSE:NVT) Shares Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI boosted its holdings in nVent Electric plc (NYSE:NVT) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,221 shares of the company’s stock after purchasing an additional 11,349 shares during the quarter. nVent Electric makes up about 1.1% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 28th largest holding. LVM Capital Management Ltd. MI owned about 0.09% of nVent Electric worth $10,307,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of nVent Electric by 23.4% during the 2nd quarter. Private Advisor Group LLC now owns 8,140 shares of the company’s stock valued at $624,000 after buying an additional 1,542 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth approximately $34,000. Choreo LLC bought a new stake in shares of nVent Electric in the 2nd quarter worth approximately $266,000. Daiwa Securities Group Inc. bought a new position in nVent Electric during the 2nd quarter worth $1,080,000. Finally, Headlands Technologies LLC acquired a new stake in nVent Electric in the second quarter worth $179,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Down 0.8 %

Shares of NVT traded down $0.58 during trading hours on Friday, reaching $69.27. The company’s stock had a trading volume of 440,005 shares, compared to its average volume of 1,066,059. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 3.86 and a beta of 1.27. The company has a 50 day moving average of $73.54 and a two-hundred day moving average of $71.51. nVent Electric plc has a 1-year low of $55.19 and a 1-year high of $86.57.

nVent Electric (NYSE:NVT) last released its earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.18). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The company had revenue of $782.00 million during the quarter, compared to analysts’ expectations of $937.37 million. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, January 17th. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. nVent Electric’s dividend payout ratio (DPR) is 23.46%.

Insider Activity

In related news, Director Jerry W. Burris sold 6,558 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the completion of the sale, the director now directly owns 45,040 shares in the company, valued at approximately $3,603,200. The trade was a 12.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jon D. Lammers sold 67,297 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the completion of the sale, the executive vice president now owns 58,121 shares of the company’s stock, valued at $4,421,264.47. The trade was a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,382 shares of company stock worth $7,365,956 in the last three months. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVT shares. KeyCorp boosted their target price on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Citigroup lifted their target price on nVent Electric from $78.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada boosted their target price on shares of nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Barclays lifted their price target on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, nVent Electric has a consensus rating of “Buy” and an average price target of $86.33.

nVent Electric 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.