Atria Wealth Solutions Inc. Has $672,000 Stake in nVent Electric plc (NYSE:NVT)

Atria Wealth Solutions Inc. increased its position in shares of nVent Electric plc (NYSE:NVT) by 179.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,854 shares of the company’s stock after buying an additional 6,331 shares during the period. Atria Wealth Solutions Inc.’s holdings in nVent Electric were worth $672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVT. CIBC Asset Management Inc raised its holdings in shares of nVent Electric by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 5,078 shares of the company’s stock worth $346,000 after buying an additional 255 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in nVent Electric by 10.7% in the fourth quarter. Everhart Financial Group Inc. now owns 12,454 shares of the company’s stock valued at $849,000 after acquiring an additional 1,201 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in shares of nVent Electric during the fourth quarter worth $1,785,000. Rhumbline Advisers increased its holdings in nVent Electric by 0.5% in the fourth quarter. Rhumbline Advisers now owns 447,404 shares of the company’s stock valued at $30,495,000 after purchasing an additional 2,221 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in nVent Electric by 27.4% in the fourth quarter. V Square Quantitative Management LLC now owns 12,579 shares of the company’s stock valued at $873,000 after buying an additional 2,707 shares during the period. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVT has been the subject of several research analyst reports. Barclays boosted their price target on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup reduced their target price on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada increased their price objective on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $86.33.

nVent Electric Trading Down 0.3 %

Shares of nVent Electric stock opened at $60.31 on Wednesday. nVent Electric plc has a 52-week low of $56.44 and a 52-week high of $86.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The firm has a 50-day moving average of $68.29 and a 200-day moving average of $70.21. The stock has a market cap of $9.95 billion, a PE ratio of 30.77, a PEG ratio of 1.48 and a beta of 1.26.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 EPS 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, sell-side analysts forecast that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The business 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 is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.33%. nVent Electric’s dividend payout ratio (DPR) is currently 40.82%.

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.