Sara E. Zawoyski Sells 14,505 Shares of nVent Electric plc (NYSE:NVT) Stock

nVent Electric plc (NYSE:NVT) CFO Sara E. Zawoyski sold 14,505 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the transaction, the chief financial officer now directly owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

nVent Electric Trading Up 0.8 %

NYSE:NVT traded up $0.62 during trading hours on Wednesday, hitting $76.59. 1,321,889 shares of the company were exchanged, compared to its average volume of 1,578,384. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 3.91 and a beta of 1.26. nVent Electric plc has a one year low of $52.26 and a one year high of $86.57. The company has a fifty day simple moving average of $70.67 and a 200 day simple moving average of $73.21. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data 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 company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. During the same quarter last year, the business earned $0.84 earnings per share. nVent Electric’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, October 18th. nVent Electric’s dividend payout ratio is currently 22.29%.

Wall Street Analyst Weigh In

NVT has been the subject of a number of research reports. KeyCorp increased their price target on 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 dropped their target price on nVent Electric from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Barclays cut their price target 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, the company presently has an average rating of “Buy” and an average price target of $85.33.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of nVent Electric by 92.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,877 shares of the company’s stock worth $1,423,000 after acquiring an additional 9,081 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in nVent Electric by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,387 shares of the company’s stock worth $1,009,000 after purchasing an additional 303 shares in the last quarter. Empowered Funds LLC increased its holdings in nVent Electric by 2.3% in the first quarter. Empowered Funds LLC now owns 24,286 shares of the company’s stock worth $1,831,000 after purchasing an additional 541 shares in the last quarter. Swiss National Bank lifted its stake in nVent Electric by 0.3% in the first quarter. Swiss National Bank now owns 327,587 shares of the company’s stock valued at $24,700,000 after buying an additional 900 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of nVent Electric by 2.2% during the 1st quarter. Sei Investments Co. now owns 117,850 shares of the company’s stock worth $8,886,000 after buying an additional 2,551 shares in the last quarter. Institutional investors own 90.05% 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.