6,098 Shares in nVent Electric plc (NYSE:NVT) Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT purchased a new stake in shares of nVent Electric plc (NYSE:NVTFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,098 shares of the company’s stock, valued at approximately $323,000.

Other large investors have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in nVent Electric during the 3rd quarter worth $26,000. Arlington Trust Co LLC bought a new position in shares of nVent Electric in the third quarter worth $30,000. Coppell Advisory Solutions LLC bought a new position in shares of nVent Electric in the second quarter worth $31,000. Baystate Wealth Management LLC bought a new position in shares of nVent Electric in the third quarter worth $33,000. Finally, Headlands Technologies LLC bought a new position in shares of nVent Electric in the third quarter worth $35,000. Institutional investors own 87.76% of the company’s stock.

nVent Electric Stock Down 0.4 %

Shares of NYSE NVT opened at $63.80 on Tuesday. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 18.93 and a beta of 1.33. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $54.89. nVent Electric plc has a 12 month low of $40.00 and a 12 month high of $66.09.

nVent Electric (NYSE:NVTGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $861.20 million for the quarter, compared to analysts’ expectations of $866.90 million. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, analysts forecast that nVent Electric plc will post 3.22 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 19th were issued a $0.19 dividend. The ex-dividend date was Thursday, January 18th. This is a boost from nVent Electric’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.19%. nVent Electric’s dividend payout ratio is presently 22.55%.

Insider Activity at nVent Electric

In related news, insider Michael B. Faulconer sold 2,080 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $53.07, for a total value of $110,385.60. Following the sale, the insider now directly owns 27,613 shares in the company, valued at $1,465,421.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other nVent Electric news, Director Randall J. Hogan sold 184,572 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $64.03, for a total transaction of $11,818,145.16. Following the transaction, the director now directly owns 8,277 shares in the company, valued at approximately $529,976.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael B. Faulconer sold 2,080 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $53.07, for a total value of $110,385.60. Following the transaction, the insider now owns 27,613 shares in the company, valued at $1,465,421.91. The disclosure for this sale can be found here. Insiders have sold 387,363 shares of company stock worth $24,832,091 over the last ninety days. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NVT shares. Royal Bank of Canada raised their price target on nVent Electric from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Barclays decreased their price target on nVent Electric from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Finally, Citigroup boosted their target price on nVent Electric from $59.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.75.

Get Our Latest Stock Report on nVent Electric

nVent Electric Company Profile

(Free Report)

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals; and metallic and non-metallic enclosures, cabinets, sub racks, and backplanes.

See Also

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

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