EverSource Wealth Advisors LLC Purchases 892 Shares of nVent Electric plc (NYSE:NVT)

EverSource Wealth Advisors LLC lifted its position in shares of nVent Electric plc (NYSE:NVT) by 27.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,155 shares of the company’s stock after buying an additional 892 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in nVent Electric were worth $283,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Crews Bank & Trust bought a new position in shares of nVent Electric in the 4th quarter worth about $26,000. Larson Financial Group LLC boosted its position in shares of nVent Electric by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Huntington National Bank increased its holdings in nVent Electric by 57.3% in the third quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after purchasing an additional 223 shares in the last quarter. Brooklyn Investment Group acquired a new position in nVent Electric in the third quarter valued at approximately $44,000. Finally, Tsfg LLC bought a new position in shares of nVent Electric during the 4th quarter worth approximately $51,000. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVT shares. Royal Bank of Canada increased their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Citigroup cut their price objective on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Barclays dropped their price target on nVent Electric from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and an average price target of $86.00.

nVent Electric Trading Up 4.9 %

NVT opened at $56.84 on Friday. nVent Electric plc has a fifty-two week low of $51.99 and a fifty-two week high of $86.57. The firm has a market capitalization of $9.38 billion, a PE ratio of 29.00, a P/E/G ratio of 1.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.28. The company’s 50-day moving average is $64.98 and its 200 day moving average is $69.35.

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

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. nVent Electric’s dividend 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.