Charles Schwab Investment Management Inc. Has $70.43 Million Position in nVent Electric plc (NYSE:NVT)

Charles Schwab Investment Management Inc. reduced its position in shares of nVent Electric plc (NYSE:NVT) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,225 shares of the company’s stock after selling 2,238 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of nVent Electric worth $70,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after buying an additional 181 shares during the period. Crews Bank & Trust acquired a new position in shares of nVent Electric during the fourth quarter worth about $26,000. Huntington National Bank raised its holdings in nVent Electric by 57.3% during the third quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after acquiring an additional 223 shares in the last quarter. Brooklyn Investment Group bought a new stake in nVent Electric during the third quarter worth about $44,000. Finally, Tsfg LLC bought a new stake in nVent Electric during the fourth quarter worth about $51,000. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Trading Up 2.3 %

Shares of NVT stock opened at $54.76 on Wednesday. The stock’s fifty day moving average price is $65.79 and its two-hundred day moving average price is $69.60. The company has a market cap of $9.04 billion, a PE ratio of 27.94, a P/E/G ratio of 1.48 and a beta of 1.31. nVent Electric plc has a fifty-two week low of $51.99 and a fifty-two 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.

nVent Electric (NYSE:NVT) last announced 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%. Equities analysts predict that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, April 25th. nVent Electric’s dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

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

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.