Argyle Capital Management LLC Has $268,000 Stock Position in nVent Electric plc (NYSE:NVT)

Argyle Capital Management LLC boosted its position in nVent Electric plc (NYSE:NVT) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,932 shares of the company’s stock after acquiring an additional 366 shares during the period. Argyle Capital Management LLC’s holdings in nVent Electric were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in shares of nVent Electric in the 4th quarter worth $26,000. Larson Financial Group LLC lifted its stake in shares of nVent Electric by 91.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after buying an additional 181 shares in the last quarter. Huntington National Bank lifted its stake in shares of nVent Electric by 57.3% in the third quarter. Huntington National Bank now owns 612 shares of the company’s stock valued at $43,000 after buying an additional 223 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of nVent Electric during the third quarter valued at about $44,000. Finally, Tsfg LLC bought a new stake in shares of nVent Electric during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

nVent Electric Trading Down 2.2 %

NYSE:NVT opened at $59.87 on Friday. nVent Electric plc has a 52 week low of $56.44 and a 52 week high of $86.57. The firm has a 50-day moving average price of $67.94 and a two-hundred day moving average price of $70.07. 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 market cap of $9.88 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

nVent Electric (NYSE:NVT) last issued 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%. On average, equities analysts expect that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s payout ratio is 40.82%.

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.