Stephens Inc. AR Has $267,000 Stock Position in nVent Electric PLC (NYSE:NVT)

Stephens Inc. AR lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,090 shares of the company’s stock after selling 242 shares during the period. Stephens Inc. AR’s holdings in nVent Electric were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVT. Capital A Wealth Management LLC acquired a new stake in shares of nVent Electric in the 4th quarter worth about $27,000. Whipplewood Advisors LLC raised its holdings in shares of nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of nVent Electric in the 4th quarter worth about $38,000. First Horizon Advisors Inc. raised its holdings in shares of nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of nVent Electric by 39.9% in the 1st quarter. Allworth Financial LP now owns 876 shares of the company’s stock worth $48,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Down 1.7%

Shares of NVT stock opened at $75.95 on Monday. The company has a 50 day moving average of $70.02 and a 200-day moving average of $63.44. The firm has a market cap of $12.50 billion, a P/E ratio of 21.70, a PEG ratio of 1.51 and a beta of 1.31. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $81.20. The company has a quick ratio of 2.42, a current ratio of 2.87 and a debt-to-equity ratio of 0.48.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $809.30 million during the quarter, compared to the consensus estimate of $790.74 million. nVent Electric had a net margin of 18.22% and a return on equity of 13.54%. nVent Electric’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. Sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, July 18th. nVent Electric’s payout ratio is 22.86%.

Insider Buying and Selling

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $61.35, for a total value of $247,915.35. Following the completion of the transaction, the executive vice president directly owned 32,665 shares of the company’s stock, valued at $2,003,997.75. This trade represents a 11.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on NVT. KeyCorp increased their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Citigroup increased their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. The Goldman Sachs Group increased their price objective on shares of nVent Electric from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Barclays increased their price objective on shares of nVent Electric from $74.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $80.33.

nVent Electric Company 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.