LVW Advisors LLC Takes Position in nVent Electric plc (NYSE:NVT)

LVW Advisors LLC acquired a new stake in shares of nVent Electric plc (NYSE:NVT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,925 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC lifted its position in shares of nVent Electric by 123.2% during the 4th quarter. Quent Capital LLC now owns 424 shares of the company’s stock valued at $25,000 after acquiring an additional 234 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of nVent Electric in the first quarter valued at $26,000. Livelsberger Financial Advisory acquired a new position in shares of nVent Electric in the fourth quarter worth $28,000. Pacific Center for Financial Services acquired a new position in shares of nVent Electric in the third quarter worth $32,000. Finally, Rise Advisors LLC acquired a new position in shares of nVent Electric in the first quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Up 0.6 %

Shares of NVT opened at $76.61 on Monday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.68 and a beta of 1.31. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. nVent Electric plc has a 12 month low of $45.60 and a 12 month high of $86.57. The company has a 50-day moving average price of $78.70 and a two-hundred day moving average price of $69.95.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $874.60 million during the quarter, compared to analysts’ expectations of $864.14 million. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. Equities analysts predict that nVent Electric plc will post 3.27 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, July 19th. nVent Electric’s payout ratio is 22.16%.

Analyst Ratings Changes

A number of research firms have issued reports on NVT. Citigroup upped their price target on shares of nVent Electric from $91.00 to $92.00 and gave the company a “buy” rating in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of nVent Electric in a report on Monday, March 11th. They set a “buy” rating and a $83.00 price target for the company. Barclays upped their price target on shares of nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, June 4th. The Goldman Sachs Group upped their price target on shares of nVent Electric from $77.00 to $87.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Royal Bank of Canada decreased their price target on shares of nVent Electric from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Monday, May 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.