nVent Electric plc (NYSE:NVT) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its position in shares of nVent Electric plc (NYSE:NVT) by 27.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,601 shares of the company’s stock after acquiring an additional 4,812 shares during the period. Impax Asset Management Group plc’s holdings in nVent Electric were worth $1,588,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVT. Signaturefd LLC lifted its position in shares of nVent Electric by 22.0% in the 2nd quarter. Signaturefd LLC now owns 860 shares of the company’s stock worth $66,000 after buying an additional 155 shares during the last quarter. Huntington National Bank lifted its holdings in nVent Electric by 57.3% in the third quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after acquiring an additional 223 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in nVent Electric by 15.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,008 shares of the company’s stock valued at $145,000 after acquiring an additional 272 shares during the period. Anchor Investment Management LLC grew its holdings in shares of nVent Electric by 94.0% during the second quarter. Anchor Investment Management LLC now owns 578 shares of the company’s stock valued at $44,000 after purchasing an additional 280 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in shares of nVent Electric by 87.2% during the second quarter. Banque Cantonale Vaudoise now owns 642 shares of the company’s stock valued at $49,000 after purchasing an additional 299 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVT shares. KeyCorp boosted their price objective on nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Barclays decreased 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 report on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and a consensus target price of $85.33.

nVent Electric Stock Performance

NVT stock opened at $72.82 on Friday. The company has a market capitalization of $12.00 billion, a P/E ratio of 21.35, a PEG ratio of 3.94 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $71.40 and a 200 day simple moving average of $73.22. nVent Electric plc has a fifty-two week low of $52.26 and a fifty-two week high of $86.57.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The company had revenue of $782.00 million for the quarter, compared to analyst estimates of $937.37 million. During the same quarter in the prior year, the business earned $0.84 EPS. nVent Electric’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that nVent Electric plc will post 2.5 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.19 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.04%. nVent Electric’s dividend payout ratio (DPR) is 22.29%.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 8,022 shares of nVent Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.87, for a total transaction of $608,629.14. Following the transaction, the chief accounting officer now owns 25,993 shares of the company’s stock, valued at $1,972,088.91. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jon D. Lammers sold 67,297 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $4,421,264.47. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,824 shares of company stock worth $6,841,316 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

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.