Running Oak Capital LLC Has $17.46 Million Stock Position in nVent Electric PLC $NVT

Running Oak Capital LLC lessened its stake in nVent Electric PLC (NYSE:NVT) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,194 shares of the company’s stock after selling 31,945 shares during the period. nVent Electric accounts for 2.2% of Running Oak Capital LLC’s portfolio, making the stock its 5th largest holding. Running Oak Capital LLC’s holdings in nVent Electric were worth $17,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC bought a new position in nVent Electric in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in nVent Electric in the 3rd quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in nVent Electric in the 3rd quarter worth approximately $35,000. First Horizon Corp bought a new position in nVent Electric in the 3rd quarter worth approximately $41,000. Finally, Sentry Investment Management LLC acquired a new position in nVent Electric in the third quarter valued at approximately $43,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Down 0.0%

Shares of NYSE NVT opened at $130.54 on Monday. The company’s 50 day simple moving average is $116.65 and its 200 day simple moving average is $109.00. nVent Electric PLC has a fifty-two week low of $47.76 and a fifty-two week high of $131.84. The firm has a market capitalization of $21.11 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16.

nVent Electric (NYSE:NVT) last posted its earnings results on Saturday, February 7th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. On average, analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a $0.21 dividend. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.6%. nVent Electric’s dividend payout ratio (DPR) is 19.53%.

Insiders Place Their Bets

In other nVent Electric news, Director Susan M. Cameron sold 5,000 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total value of $572,600.00. Following the sale, the director directly owned 13,405 shares in the company, valued at approximately $1,535,140.60. This trade represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jerry W. Burris sold 5,244 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction of $588,743.88. Following the sale, the director directly owned 46,371 shares of the company’s stock, valued at $5,206,072.17. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 17,841 shares of company stock worth $2,046,166. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp increased their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on shares of nVent Electric from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Weiss Ratings upgraded shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 11th. Finally, Roth Mkm increased their price objective on shares of nVent Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.63.

nVent Electric Company Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.