nVent Electric plc (NYSE:NVT) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its position in nVent Electric plc (NYSE:NVT) by 112.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,927 shares of the company’s stock after purchasing an additional 6,829 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in nVent Electric were worth $764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC lifted its stake in shares of nVent Electric by 123.2% in the 4th quarter. Quent Capital LLC now owns 424 shares of the company’s stock valued at $25,000 after purchasing an additional 234 shares in the last quarter. HM Payson & Co. acquired a new position in nVent Electric during the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC acquired a new position in nVent Electric during the 3rd quarter worth approximately $30,000. Pacific Center for Financial Services acquired a new position in nVent Electric during the 3rd quarter worth approximately $32,000. Finally, Baystate Wealth Management LLC acquired a new position in nVent Electric during the 3rd quarter worth approximately $33,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays boosted their price target on nVent Electric from $74.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on nVent Electric from $69.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft started coverage on nVent Electric in a research report on Monday, March 11th. They set a “buy” rating and a $83.00 price target on the stock. Royal Bank of Canada lifted their price objective on nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Citigroup lifted their price objective on nVent Electric from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.60.

nVent Electric Stock Up 1.7 %

NVT stock traded up $1.25 during midday trading on Friday, hitting $75.69. 1,053,277 shares of the company’s stock were exchanged, compared to its average volume of 1,285,885. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. nVent Electric plc has a 12-month low of $40.19 and a 12-month high of $78.98. The firm has a 50 day moving average price of $71.51 and a 200-day moving average price of $61.11. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. The business had revenue of $861.20 million during the quarter, compared to the consensus estimate of $866.90 million. During the same period in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that nVent Electric plc will post 3.24 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.19 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. nVent Electric’s dividend payout ratio (DPR) is 22.55%.

Insider Activity

In other news, CEO Beth Wozniak sold 198,211 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $64.29, for a total value of $12,742,985.19. Following the completion of the sale, the chief executive officer now directly owns 342 shares in the company, valued at approximately $21,987.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Beth Wozniak sold 198,211 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the completion of the transaction, the chief executive officer now directly owns 342 shares in the company, valued at approximately $21,987.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Randall J. Hogan sold 184,572 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $64.03, for a total value of $11,818,145.16. Following the transaction, the director now owns 8,277 shares of the company’s stock, valued at $529,976.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 400,252 shares of company stock worth $25,713,777. 2.50% of the stock is currently owned by insiders.

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.