Regents Gate Capital LLP Invests $6.49 Million in nVent Electric plc (NYSE:NVT)

Regents Gate Capital LLP acquired a new stake in nVent Electric plc (NYSE:NVT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 95,248 shares of the company’s stock, valued at approximately $6,492,000. nVent Electric accounts for 2.6% of Regents Gate Capital LLP’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NVT. Crews Bank & Trust purchased a new position in nVent Electric in the fourth quarter valued at about $26,000. Larson Financial Group LLC increased its stake in nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in nVent Electric during the third quarter worth $29,000. UMB Bank n.a. boosted its position in nVent Electric by 280.0% during the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 308 shares in the last quarter. Finally, Huntington National Bank grew its holdings in 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 purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

NYSE:NVT opened at $67.85 on Monday. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 3.01 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. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average is $70.68 and its two-hundred day moving average is $70.24.

nVent Electric (NYSE:NVT) last released its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. Research analysts expect that nVent Electric plc will post 3.03 EPS for the current year.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were given a dividend of $0.20 per share. The ex-dividend date was Friday, January 17th. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.18%. nVent Electric’s dividend payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVT. Royal Bank of Canada lifted their price target on nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays lifted their target price on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research 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 research report on Monday, January 13th. Finally, KeyCorp lifted their price objective on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $86.33.

Insiders Place Their Bets

In other news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $80.00, for a total transaction of $524,640.00. Following the transaction, the director now directly owns 45,040 shares in the company, valued at $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sara E. Zawoyski sold 14,505 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the sale, the chief financial officer now owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. The trade was a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

About nVent Electric

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.