GAMMA Investing LLC Makes New $56,000 Investment in nVent Electric plc (NYSE:NVT)

GAMMA Investing LLC acquired a new stake in nVent Electric plc (NYSE:NVT) in the fourth quarter, Holdings Channel reports. The fund acquired 939 shares of the company’s stock, valued at approximately $56,000.

Other hedge funds have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC boosted its position in nVent Electric by 1.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 19,221 shares of the company’s stock worth $1,136,000 after purchasing an additional 319 shares during the period. Handelsbanken Fonder AB grew its position in shares of nVent Electric by 870.3% in the 4th quarter. Handelsbanken Fonder AB now owns 477,390 shares of the company’s stock worth $28,209,000 after buying an additional 428,190 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of nVent Electric by 301.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,922 shares of the company’s stock valued at $7,736,000 after acquiring an additional 98,337 shares in the last quarter. Strs Ohio lifted its position in shares of nVent Electric by 8.7% in the 4th quarter. Strs Ohio now owns 40,225 shares of the company’s stock worth $2,376,000 after purchasing an additional 3,203 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of nVent Electric by 217.5% in the 4th quarter. Vontobel Holding Ltd. now owns 25,874 shares of the company’s stock valued at $1,529,000 after purchasing an additional 17,724 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Trading Down 1.4 %

Shares of nVent Electric stock opened at $71.09 on Thursday. nVent Electric plc has a 1 year low of $40.22 and a 1 year high of $78.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.22. The stock has a market cap of $11.80 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. The firm has a fifty day moving average price of $72.09 and a 200 day moving average price of $61.58.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $861.20 million during the quarter, compared to analyst estimates of $866.90 million. nVent Electric had a net margin of 17.38% and a return on equity of 17.53%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. Equities research analysts predict that nVent Electric plc will post 3.24 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 22.55%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of nVent Electric in a research note on Monday, March 11th. They set a “buy” rating and a $83.00 price objective for the company. Royal Bank of Canada upped their price target on nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Barclays raised their price objective on shares of nVent Electric from $74.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $69.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Citigroup increased their target price on nVent Electric from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, nVent Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.60.

Insider Activity

In other nVent Electric news, Director Randall J. Hogan sold 184,572 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $64.03, for a total transaction of $11,818,145.16. Following the transaction, the director now directly owns 8,277 shares in the company, valued at $529,976.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Randall J. Hogan sold 184,572 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $64.03, for a total value of $11,818,145.16. Following the transaction, the director now owns 8,277 shares of the company’s stock, valued at $529,976.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph A. Ruzynski sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $64.23, for a total transaction of $160,575.00. Following the sale, the insider now owns 36,013 shares of the company’s stock, valued at approximately $2,313,114.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 400,252 shares of company stock valued at $25,713,777. 2.50% of the stock is currently owned by company insiders.

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.