Cwm LLC Raises Position in nVent Electric plc (NYSE:NVT)

Cwm LLC lifted its stake in shares of nVent Electric plc (NYSE:NVT) by 37.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,448 shares of the company’s stock after buying an additional 935 shares during the period. Cwm LLC’s holdings in nVent Electric were worth $242,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its stake in nVent Electric by 22.0% during the 2nd quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $66,000 after acquiring an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of nVent Electric by 15.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,008 shares of the company’s stock worth $145,000 after acquiring an additional 272 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of nVent Electric by 94.0% in the 2nd quarter. Anchor Investment Management LLC now owns 578 shares of the company’s stock worth $44,000 after acquiring an additional 280 shares in the last quarter. Sciencast Management LP grew its stake in shares of nVent Electric by 7.1% in the 1st quarter. Sciencast Management LP now owns 4,397 shares of the company’s stock worth $332,000 after acquiring an additional 293 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in shares of nVent Electric by 87.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 642 shares of the company’s stock worth $49,000 after acquiring an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

NVT has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada reduced their target price on shares of nVent Electric from $88.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays reduced their target price on shares of 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $85.67.

Insider Activity at nVent Electric

In other nVent Electric news, Director Herbert K. Parker purchased 7,566 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Michael B. Faulconer sold 20,004 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,251,978.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herbert K. Parker purchased 7,566 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $65.71 per share, with a total value of $497,161.86. Following the completion of the acquisition, the director now directly owns 34,524 shares of the company’s stock, valued at approximately $2,268,572.04. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $73.45 on Wednesday. The company’s 50-day moving average is $68.28 and its 200 day moving average is $73.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 2.17. The company has a market capitalization of $12.19 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. nVent Electric plc has a fifty-two week low of $45.60 and a fifty-two week high of $86.57.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.82 earnings per share 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 company had revenue of $880.30 million during the quarter, compared to analysts’ expectations of $892.89 million. During the same period last year, the firm posted $0.77 earnings per share. nVent Electric’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that nVent Electric plc will post 3.26 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, October 18th. nVent Electric’s dividend payout ratio (DPR) is currently 22.16%.

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.