Virtu Financial LLC Invests $379,000 in nVent Electric plc (NYSE:NVT)

Virtu Financial LLC bought a new position in nVent Electric plc (NYSE:NVT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,558 shares of the company’s stock, valued at approximately $379,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in nVent Electric by 91.9% in 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 during the last quarter. Crews Bank & Trust bought a new stake in nVent Electric during the fourth quarter valued at approximately $26,000. Brooklyn Investment Group bought a new position in nVent Electric in the third quarter worth approximately $44,000. Tsfg LLC bought a new position in nVent Electric in the 4th quarter worth $51,000. Finally, Raleigh Capital Management Inc. lifted its position in nVent Electric by 547.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 751 shares of the company’s stock valued at $51,000 after purchasing an additional 635 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Price Performance

NVT stock opened at $55.87 on Thursday. 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 company has a market capitalization of $9.22 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The company’s fifty day moving average price is $62.92 and its 200-day moving average price is $68.92. nVent Electric plc has a one year low of $51.99 and a one year high of $86.57.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share 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 anticipate that nVent Electric plc will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

Wall Street Analysts Forecast Growth

NVT has been the topic of several recent research reports. Citigroup decreased 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. Seaport Res Ptn raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Barclays reduced their price objective on shares of nVent Electric from $83.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada lifted their target price on shares of nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, CL King upgraded nVent Electric from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $82.00.

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.