nVent Electric plc (NYSE:NVT) Shares Sold by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. decreased its position in shares of nVent Electric plc (NYSE:NVT) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,211 shares of the company’s stock after selling 340 shares during the quarter. Mcrae Capital Management Inc.’s holdings in nVent Electric were worth $423,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVT. Crews Bank & Trust acquired a new stake in nVent Electric during the fourth quarter valued at $26,000. Larson Financial Group LLC boosted its stake in shares of nVent Electric by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Huntington National Bank grew its position 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 acquiring an additional 223 shares during the period. Brooklyn Investment Group purchased a new position in shares of nVent Electric in the 3rd quarter valued at about $44,000. Finally, Tsfg LLC acquired a new position in nVent Electric in the 4th quarter worth about $51,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $80.00, for a total value of $524,640.00. Following the transaction, the director now directly owns 45,040 shares of the company’s stock, valued at $3,603,200. This trade represents a 12.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $67.45 on Friday. The stock has a market capitalization of $11.12 billion, a P/E ratio of 34.41, a PEG ratio of 3.01 and a beta of 1.26. The business has a 50 day simple moving average of $70.04 and a two-hundred day simple moving average of $70.18. nVent Electric plc has a 12 month low of $56.44 and a 12 month high of $86.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.36.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. As a group, analysts predict that nVent Electric plc will post 3.03 EPS 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 of this dividend 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 1.19%. nVent Electric’s payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

NVT has been the topic of several research analyst reports. Barclays raised their price objective 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 increased their target price on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Citigroup cut their price target 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and a consensus price target of $86.33.

nVent Electric 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.