Transatlantique Private Wealth LLC Purchases 9,251 Shares of nVent Electric plc (NYSE:NVT)

Transatlantique Private Wealth LLC lifted its position in shares of nVent Electric plc (NYSE:NVT) by 48.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,254 shares of the company’s stock after buying an additional 9,251 shares during the quarter. nVent Electric makes up 0.9% of Transatlantique Private Wealth LLC’s holdings, making the stock its 29th largest holding. Transatlantique Private Wealth LLC’s holdings in nVent Electric were worth $2,165,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NVT. Sei Investments Co. lifted its position in shares of nVent Electric by 6.3% in the second quarter. Sei Investments Co. now owns 125,269 shares of the company’s stock valued at $9,598,000 after acquiring an additional 7,419 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in nVent Electric by 3.9% in the 2nd quarter. Pacer Advisors Inc. now owns 35,474 shares of the company’s stock worth $2,718,000 after purchasing an additional 1,343 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in nVent Electric in the 2nd quarter worth approximately $61,000. Granite Investment Partners LLC purchased a new stake in nVent Electric during the 2nd quarter valued at approximately $7,281,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in nVent Electric by 57.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,467 shares of the company’s stock valued at $112,000 after buying an additional 535 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other nVent Electric news, Director Herbert K. Parker acquired 7,566 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $65.71 per share, for a total transaction of $497,161.86. Following the acquisition, the director now directly owns 34,524 shares in the company, valued at $2,268,572.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Herbert K. Parker bought 7,566 shares of nVent Electric stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, the director now owns 34,524 shares in the company, valued at approximately $2,268,572.04. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael B. Faulconer sold 20,004 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $63.34, for a total value of $1,267,053.36. Following the completion of the transaction, the insider now directly owns 19,766 shares in the company, valued at approximately $1,251,978.44. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NVT shares. KeyCorp upgraded shares of nVent Electric from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research report on Wednesday, September 4th. Royal Bank of Canada dropped their price objective on shares of nVent Electric from $88.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Barclays lifted their target price on nVent Electric from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, June 4th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.50.

nVent Electric Stock Down 0.0 %

Shares of NVT opened at $70.46 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.17 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $67.42 and a 200 day moving average of $73.32. The company has a market cap of $11.70 billion, a PE ratio of 20.54, a P/E/G ratio of 1.22 and a beta of 1.27. nVent Electric plc has a 52-week low of $45.60 and a 52-week high of $86.57.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). nVent Electric had a return on equity of 17.21% and a net margin of 16.59%. The firm had revenue of $880.30 million for the quarter, compared to analysts’ expectations of $892.89 million. During the same period in the prior year, the firm posted $0.77 earnings per share. nVent Electric’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that nVent Electric plc will post 3.26 EPS for the current year.

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.