Factorial Partners LLC Has $1.66 Million Stock Holdings in nVent Electric plc (NYSE:NVT)

Factorial Partners LLC decreased its stake in shares of nVent Electric plc (NYSE:NVT) by 65.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,600 shares of the company’s stock after selling 40,200 shares during the quarter. Factorial Partners LLC’s holdings in nVent Electric were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in nVent Electric during the first quarter worth $26,000. Livelsberger Financial Advisory acquired a new position in shares of nVent Electric during the 4th quarter worth about $28,000. ORG Partners LLC acquired a new position in shares of nVent Electric during the 2nd quarter worth about $31,000. Rise Advisors LLC bought a new stake in shares of nVent Electric in the 1st quarter valued at about $32,000. Finally, First Foundation Advisors acquired a new stake in nVent Electric in the 2nd quarter valued at about $34,000. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, Director Herbert K. Parker bought 7,566 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $65.71 per share, for a total transaction of $497,161.86. Following the transaction, the director now directly owns 34,524 shares in the company, valued at approximately $2,268,572.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Herbert K. Parker acquired 7,566 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $65.71 per share, with a total value of $497,161.86. Following the acquisition, the director now directly owns 34,524 shares of the company’s stock, valued at $2,268,572.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 8,242 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $60.26, for a total value of $496,662.92. Following the sale, the executive vice president now directly owns 30,432 shares in the company, valued at $1,833,832.32. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Price Performance

Shares of NYSE NVT opened at $62.19 on Wednesday. The firm has a market cap of $10.34 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The business’s 50 day moving average is $69.10 and its 200-day moving average is $73.43. The company has a current ratio of 2.17, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. nVent Electric plc has a 1-year low of $45.60 and a 1-year high of $86.57.

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

Analyst Upgrades and Downgrades

NVT has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on nVent Electric from $88.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Barclays increased their price target on nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, June 4th. Finally, KeyCorp raised nVent Electric from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and a consensus price target of $86.50.

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.