Alan B Lancz & Associates Inc. Has $303,000 Stake in nVent Electric plc (NYSE:NVT)

Alan B Lancz & Associates Inc. cut its position in shares of nVent Electric plc (NYSE:NVT) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,442 shares of the company’s stock after selling 300 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in nVent Electric were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Running Oak Capital LLC grew its holdings in nVent Electric by 0.8% during the 4th quarter. Running Oak Capital LLC now owns 203,808 shares of the company’s stock worth $13,892,000 after acquiring an additional 1,646 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of nVent Electric by 547.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 751 shares of the company’s stock valued at $51,000 after purchasing an additional 635 shares in the last quarter. Mutual Advisors LLC grew its stake in nVent Electric by 10.7% during the fourth quarter. Mutual Advisors LLC now owns 5,257 shares of the company’s stock worth $375,000 after purchasing an additional 510 shares during the period. Janney Montgomery Scott LLC increased its holdings in nVent Electric by 3.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,661 shares of the company’s stock worth $1,749,000 after purchasing an additional 854 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in nVent Electric by 14.0% in the fourth quarter. Ballentine Partners LLC now owns 3,502 shares of the company’s stock worth $239,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

Shares of NVT stock opened at $74.81 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $73.12 and a two-hundred day simple moving average of $71.18. nVent Electric plc has a 12 month low of $56.44 and a 12 month high of $86.57. The firm has a market capitalization of $12.33 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.49 and a beta of 1.27.

nVent Electric (NYSE:NVT) last posted its earnings results on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The business had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. During the same period in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Analysts forecast that nVent Electric plc will post 2.49 EPS for the current fiscal year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.07%. nVent Electric’s dividend payout ratio is 23.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Barclays increased their target price on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Citigroup decreased their price target on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, KeyCorp increased their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $86.17.

Insider Activity

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the transaction, the director now directly owns 45,040 shares in the company, valued at approximately $3,603,200. This trade represents a 12.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jon D. Lammers sold 67,297 shares of nVent Electric 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 transaction, the executive vice president now directly owns 58,121 shares in the company, valued at $4,421,264.47. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,382 shares of company stock worth $7,365,956 over the last 90 days. 2.50% of the stock is currently owned by corporate 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.