MorganRosel Wealth Management LLC Decreases Holdings in nVent Electric plc (NYSE:NVT)

MorganRosel Wealth Management LLC decreased its stake in nVent Electric plc (NYSE:NVT) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,698 shares of the company’s stock after selling 4,518 shares during the period. MorganRosel Wealth Management LLC’s holdings in nVent Electric were worth $661,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB raised its stake in shares of nVent Electric by 26.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company’s stock valued at $53,000 after buying an additional 162 shares during the period. CIBC Asset Management Inc lifted its holdings in nVent Electric by 3.6% during the third quarter. CIBC Asset Management Inc now owns 4,823 shares of the company’s stock valued at $339,000 after purchasing an additional 166 shares during the last quarter. Calamos Advisors LLC lifted its holdings in nVent Electric by 1.6% during the fourth quarter. Calamos Advisors LLC now owns 11,468 shares of the company’s stock valued at $782,000 after purchasing an additional 176 shares during the last quarter. Larson Financial Group LLC increased 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 worth $27,000 after purchasing an additional 181 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in nVent Electric by 57.3% in the 3rd quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after buying an additional 223 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVT has been the topic of a number of recent research reports. Barclays increased their price objective on nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Citigroup lowered their price target on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective 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. 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 price target of $86.33.

nVent Electric Stock Performance

Shares of NVT opened at $60.45 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $68.54 and a 200-day moving average price of $70.23. The company has a market cap of $9.97 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. nVent Electric plc has a 12-month low of $56.44 and a 12-month high of $86.57.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. As a group, equities analysts forecast that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.32%. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

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.