Stephens Inc. AR Has $363,000 Stock Holdings in nVent Electric plc (NYSE:NVT)

Stephens Inc. AR lessened its holdings in shares of nVent Electric plc (NYSE:NVT) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,332 shares of the company’s stock after selling 398 shares during the period. Stephens Inc. AR’s holdings in nVent Electric were worth $363,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVT. Swedbank AB acquired a new position in nVent Electric in the 3rd quarter valued at approximately $110,663,000. Franklin Resources Inc. raised its holdings in nVent Electric by 22.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company’s stock valued at $527,374,000 after acquiring an additional 1,269,335 shares in the last quarter. Clean Energy Transition LLP raised its holdings in nVent Electric by 56.5% in the 3rd quarter. Clean Energy Transition LLP now owns 2,254,633 shares of the company’s stock valued at $158,411,000 after acquiring an additional 813,909 shares in the last quarter. Artemis Investment Management LLP raised its holdings in nVent Electric by 235.9% in the 4th quarter. Artemis Investment Management LLP now owns 763,075 shares of the company’s stock valued at $52,011,000 after acquiring an additional 535,881 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in nVent Electric by 23.6% in the 3rd quarter. Janus Henderson Group PLC now owns 2,441,154 shares of the company’s stock valued at $171,492,000 after acquiring an additional 466,042 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling

In related news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the sale, the director now directly owns 45,040 shares in the company, valued at $3,603,200. This represents a 12.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

nVent Electric Trading Up 1.6 %

NVT stock opened at $68.40 on Friday. The firm has a market cap of $11.27 billion, a P/E ratio of 34.90, a P/E/G ratio of 3.01 and a beta of 1.26. nVent Electric plc has a 1-year low of $56.44 and a 1-year high of $86.57. The business’s 50 day moving average is $69.67 and its 200-day moving average is $70.15. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Equities analysts anticipate that nVent Electric plc will post 3.03 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $0.20 per share. The ex-dividend date was Friday, January 17th. This is a positive change from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. nVent Electric’s dividend payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVT. Barclays upped their price target on nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada upped their price objective on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Citigroup lowered their price objective on nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $86.33.

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.