Inceptionr LLC Grows Stock Holdings in nVent Electric plc (NYSE:NVT)

Inceptionr LLC grew its holdings in nVent Electric plc (NYSE:NVT) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,594 shares of the company’s stock after acquiring an additional 2,271 shares during the period. Inceptionr LLC’s holdings in nVent Electric were worth $927,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NVT. Janney Montgomery Scott LLC lifted its stake in shares of nVent Electric by 5.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 24,807 shares of the company’s stock valued at $1,743,000 after purchasing an additional 1,273 shares during the period. Van ECK Associates Corp lifted its stake in shares of nVent Electric by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 96,214 shares of the company’s stock valued at $7,026,000 after purchasing an additional 27,492 shares during the period. Principal Financial Group Inc. lifted its stake in shares of nVent Electric by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,763,254 shares of the company’s stock valued at $123,891,000 after purchasing an additional 28,876 shares during the period. Easterly Investment Partners LLC lifted its stake in shares of nVent Electric by 67.7% in the 3rd quarter. Easterly Investment Partners LLC now owns 75,570 shares of the company’s stock valued at $5,310,000 after purchasing an additional 30,496 shares during the period. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of nVent Electric by 18.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 5,026 shares of the company’s stock valued at $353,000 after purchasing an additional 777 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of nVent Electric from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup reduced their price objective on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada upped their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $85.50.

nVent Electric Stock Performance

NYSE:NVT opened at $55.53 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The company has a fifty day moving average of $66.64 and a two-hundred day moving average of $69.79. The stock has a market capitalization of $9.16 billion, a PE ratio of 28.33, a P/E/G ratio of 1.48 and a beta of 1.31. nVent Electric plc has a fifty-two week low of $53.28 and a fifty-two week high of $86.57.

nVent Electric (NYSE:NVT) last issued its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. As a group, research analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

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.