Segall Bryant & Hamill LLC Buys New Holdings in nVent Electric plc (NYSE:NVT)

Segall Bryant & Hamill LLC purchased a new position in shares of nVent Electric plc (NYSE:NVT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 137,039 shares of the company’s stock, valued at approximately $9,341,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVT. Crews Bank & Trust acquired a new position in shares of nVent Electric during the fourth quarter worth approximately $26,000. Larson Financial Group LLC increased its stake in nVent Electric by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Brooklyn Investment Group acquired a new position in nVent Electric during the third quarter worth $44,000. Tsfg LLC bought a new position in shares of nVent Electric in the fourth quarter valued at $51,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of nVent Electric by 547.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 751 shares of the company’s stock valued at $51,000 after buying an additional 635 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Down 4.4 %

NVT stock opened at $55.87 on Thursday. nVent Electric plc has a 1-year low of $51.99 and a 1-year high of $86.57. The stock has a market cap of $9.22 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.48 and a beta of 1.31. The stock’s fifty day simple moving average is $62.92 and its two-hundred day simple moving average is $68.92. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. Analysts expect that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. nVent Electric’s payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVT. Citigroup lowered their target price on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. CL King upgraded nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Monday, March 17th. Royal Bank of Canada upped their price target on nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Seaport Res Ptn upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Barclays reduced their target price on shares of nVent Electric from $83.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $82.00.

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.