In this article, we discuss the 5 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. If you want to read our detailed analysis of Unschuld’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Ira Unschuld’s Brant Point Investment.
5. nVent Electric plc (NYSE: NVT)
Unschuld’s Stake Value: $3,349,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.36%
Dividend Yield: 2.23%
Number of Hedge Fund Holders: 31
nVent Electric plc (NYSE: NVT) is a universal supplier of mechanical connection and protection solutions. The company was founded in 1903 and stands fifth on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. nVent shares have gained 72.46% over the last 12 months.
On June 9, nVent Electric plc (NYSE: NVT) announced that it will acquire CIS Global LLC for $200 million. This partnership will strengthen nVent’s overall supply in data processing centers and networking programs. On May 13, nVent Electric reported a quarterly dividend of $0.175 per share, in line with the previous, payable on August 6.
nVent Electric plc (NYSE: NVT) accounts for about 0.36% of Brant Point Investment Management’s portfolio, as the hedge fund owns a $3.35 million stake in the company. In the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $338.56 million in nVent Electric plc (NYSE: NVT), up from 30 the preceding quarter worth $343.46 million.