Keybank National Association OH Buys 229 Shares of nVent Electric plc (NYSE:NVT)

Keybank National Association OH raised its stake in nVent Electric plc (NYSE:NVT) by 2.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,509 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Keybank National Association OH’s holdings in nVent Electric were worth $648,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of nVent Electric in the 4th quarter worth $26,000. Larson Financial Group LLC increased its holdings in shares of nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after buying an additional 181 shares during the last quarter. Huntington National Bank increased its holdings in shares of nVent Electric by 57.3% in the 3rd quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after buying an additional 223 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of nVent Electric in the 3rd quarter worth $44,000. Finally, Tsfg LLC bought a new position in shares of nVent Electric in the 4th quarter worth $51,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays reduced their target price on shares of nVent Electric from $88.00 to $83.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, Citigroup reduced 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and an average price target of $85.50.

nVent Electric Trading Down 0.9 %

Shares of NVT opened at $55.02 on Friday. The stock has a market capitalization of $9.08 billion, a P/E ratio of 28.07, a PEG ratio of 1.48 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $66.36 and a two-hundred day simple moving average of $69.74. nVent Electric plc has a twelve month low of $52.78 and a twelve month high of $86.57.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, research analysts anticipate that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 annualized dividend and a yield of 1.45%. nVent Electric’s payout ratio is currently 40.82%.

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.