nVent Electric plc (NYSE:NVT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of nVent Electric plc (NYSE:NVT) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,734 shares of the company’s stock after selling 2,777 shares during the quarter. Yousif Capital Management LLC’s holdings in nVent Electric were worth $4,071,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in shares of nVent Electric in the 4th quarter valued at $26,000. Larson Financial Group LLC lifted its position in nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. ORG Wealth Partners LLC purchased a new stake in nVent Electric in the third quarter valued at $29,000. UMB Bank n.a. grew its position in nVent Electric by 280.0% during the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 308 shares during the period. Finally, Huntington National Bank raised its stake in shares of nVent Electric by 57.3% during the 3rd quarter. Huntington National Bank now owns 612 shares of the company’s stock valued at $43,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVT. KeyCorp upped their target price on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Barclays raised their price objective on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Citigroup decreased their target price on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada increased their price target on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.33.

Insider Buying and Selling

In other news, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the sale, the chief financial officer now directly owns 62,215 shares of the company’s stock, valued at $4,775,623.40. The trade was a 18.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerry W. Burris sold 6,558 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the sale, the director now owns 45,040 shares of the company’s stock, valued at $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

nVent Electric Trading Up 3.1 %

Shares of NVT stock opened at $67.85 on Friday. nVent Electric plc has a 1-year low of $56.44 and a 1-year high of $86.57. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The stock has a 50 day simple moving average of $70.89 and a 200-day simple moving average of $70.36.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. On average, equities research analysts expect that nVent Electric plc will post 2.49 EPS for the current fiscal year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $0.20 dividend. 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 1.18%. nVent Electric’s dividend payout ratio (DPR) is currently 23.46%.

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.