Signaturefd LLC Acquires 549 Shares of nVent Electric plc (NYSE:NVT)

Signaturefd LLC increased its position in shares of nVent Electric plc (NYSE:NVT) by 63.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,409 shares of the company’s stock after purchasing an additional 549 shares during the quarter. Signaturefd LLC’s holdings in nVent Electric were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in nVent Electric by 16.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,884,487 shares of the company’s stock worth $374,201,000 after purchasing an additional 673,990 shares during the period. Boston Partners lifted its position in nVent Electric by 3.2% during the first quarter. Boston Partners now owns 3,325,834 shares of the company’s stock worth $250,770,000 after purchasing an additional 102,643 shares during the period. Principal Financial Group Inc. lifted its position in nVent Electric by 2.5% during the second quarter. Principal Financial Group Inc. now owns 1,734,378 shares of the company’s stock worth $132,869,000 after purchasing an additional 42,391 shares during the period. Swedbank AB bought a new stake in nVent Electric during the third quarter worth about $110,663,000. Finally, Millennium Management LLC raised its stake in nVent Electric by 159.9% during the second quarter. Millennium Management LLC now owns 1,346,576 shares of the company’s stock worth $103,161,000 after acquiring an additional 828,425 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

nVent Electric stock opened at $74.83 on Tuesday. The business has a 50 day moving average of $68.91 and a 200-day moving average of $73.13. nVent Electric plc has a 1 year low of $46.63 and a 1 year high of $86.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.17 and a quick ratio of 1.49. The company has a market capitalization of $12.44 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.50 and a beta of 1.27.

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

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, October 18th. nVent Electric’s dividend payout ratio is presently 22.22%.

Analyst Ratings Changes

Several brokerages have commented on NVT. Royal Bank of Canada lowered their target price on nVent Electric from $88.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. KeyCorp boosted their target price on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Barclays lowered their target price on nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $85.67.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Herbert K. Parker purchased 7,566 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $65.71 per share, for a total transaction of $497,161.86. Following the acquisition, the director now owns 34,524 shares of the company’s stock, valued at approximately $2,268,572.04. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Herbert K. Parker bought 7,566 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost 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 approximately $2,268,572.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael B. Faulconer sold 20,004 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $63.34, for a total transaction of $1,267,053.36. Following the completion of the sale, the insider now owns 19,766 shares of the company’s stock, valued at approximately $1,251,978.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.