Parkside Financial Bank & Trust Has $38,000 Stake in nVent Electric plc (NYSE:NVT)

Parkside Financial Bank & Trust reduced its stake in nVent Electric plc (NYSE:NVT) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 564 shares of the company’s stock after selling 200 shares during the quarter. Parkside Financial Bank & Trust’s holdings in nVent Electric were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVT. Nordea Investment Management AB grew its position in nVent Electric by 16.9% in the fourth quarter. Nordea Investment Management AB now owns 93,172 shares of the company’s stock valued at $6,378,000 after purchasing an additional 13,483 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of nVent Electric by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,773,168 shares of the company’s stock worth $194,894,000 after buying an additional 29,794 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of nVent Electric in the 4th quarter valued at about $1,520,000. TT International Asset Management LTD grew its holdings in shares of nVent Electric by 20.4% in the 4th quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock valued at $7,388,000 after acquiring an additional 18,376 shares in the last quarter. Finally, LVM Capital Management Ltd. MI increased its position in shares of nVent Electric by 8.1% in the fourth quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company’s stock valued at $10,307,000 after acquiring an additional 11,349 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on NVT shares. Barclays reduced their price target on nVent Electric from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup cut their price objective on nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada boosted their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $85.50.

nVent Electric Price Performance

NYSE:NVT opened at $56.31 on Tuesday. nVent Electric plc has a 12-month low of $55.69 and a 12-month high of $86.57. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 1.48 and a beta of 1.26. The stock’s 50 day moving average price is $67.49 and its two-hundred day moving average price is $70.06. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results 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, analysts anticipate that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The business 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 1.42%. The ex-dividend date is Friday, April 25th. nVent Electric’s dividend payout ratio is presently 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.