nVent Electric plc (NYSE:NVT) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its position in shares of nVent Electric plc (NYSE:NVT) by 32.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 684,732 shares of the company’s stock after buying an additional 167,632 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.42% of nVent Electric worth $48,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVT. Sei Investments Co. increased its stake in nVent Electric by 2.2% during the first quarter. Sei Investments Co. now owns 117,850 shares of the company’s stock worth $8,886,000 after acquiring an additional 2,551 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in nVent Electric in the first quarter valued at approximately $258,000. Orion Portfolio Solutions LLC raised its holdings in nVent Electric by 12.5% in the first quarter. Orion Portfolio Solutions LLC now owns 34,576 shares of the company’s stock valued at $2,607,000 after buying an additional 3,843 shares during the period. Blair William & Co. IL acquired a new position in nVent Electric during the first quarter valued at approximately $229,000. Finally, Edgestream Partners L.P. grew its stake in nVent Electric by 91.6% during the first quarter. Edgestream Partners L.P. now owns 24,929 shares of the company’s stock worth $1,880,000 after buying an additional 11,916 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Stock Performance

nVent Electric stock opened at $72.82 on Friday. nVent Electric plc has a 12-month low of $52.26 and a 12-month high of $86.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.26. The firm’s fifty day moving average price is $71.40 and its 200 day moving average price is $73.22.

nVent Electric (NYSE:NVT) last announced its earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.18). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The business had revenue of $782.00 million for the quarter, compared to analysts’ expectations of $937.37 million. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, research analysts forecast that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, October 18th. nVent Electric’s dividend payout ratio (DPR) is currently 22.29%.

Insider Transactions at nVent Electric

In other news, EVP Jon D. Lammers sold 67,297 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the transaction, the executive vice president now owns 58,121 shares of the company’s stock, valued at approximately $4,421,264.47. This trade represents a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now owns 62,215 shares of the company’s stock, valued at $4,775,623.40. This trade represents a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,824 shares of company stock valued at $6,841,316. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVT. KeyCorp raised their target price on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada cut their price objective on nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Barclays reduced their price objective on nVent Electric from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $85.33.

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.