7,470 Shares in nVent Electric PLC (NVT) Acquired by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. acquired a new position in shares of nVent Electric PLC (NYSE:NVT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,470 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new position in shares of nVent Electric in the 2nd quarter worth about $406,000. TRUE Private Wealth Advisors bought a new position in shares of nVent Electric in the 3rd quarter worth about $114,000. First Bank & Trust bought a new position in shares of nVent Electric in the 2nd quarter worth about $105,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of nVent Electric in the 2nd quarter worth about $113,000. Finally, Moneta Group Investment Advisors LLC bought a new position in shares of nVent Electric in the 2nd quarter worth about $133,000. 81.49% of the stock is owned by institutional investors.

In other nVent Electric news, Director William T. Monahan sold 17,133 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $28.08, for a total transaction of $481,094.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

A number of research analysts have recently issued reports on NVT shares. Barclays restated a “hold” rating and issued a $25.00 price target on shares of nVent Electric in a research report on Friday, July 27th. Goldman Sachs Group upgraded shares of nVent Electric from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $31.00 to $30.00 in a research report on Friday. Finally, Zacks Investment Research downgraded shares of nVent Electric from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.60.

Shares of NYSE:NVT opened at $23.64 on Tuesday. nVent Electric PLC has a fifty-two week low of $21.00 and a fifty-two week high of $29.84. The company has a current ratio of 1.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.34.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $563.90 million for the quarter, compared to analysts’ expectations of $558.40 million. On average, research analysts anticipate that nVent Electric PLC will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, October 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.96%.

nVent Electric Company Profile

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

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