Insider Selling: nVent Electric plc (NYSE:NVT) CFO Sells $1,113,403.80 in Stock

nVent Electric plc (NYSE:NVT) CFO Sara E. Zawoyski sold 14,505 shares of the business’s stock in a transaction dated 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 $4,775,623.40. The trade was a 18.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

nVent Electric Stock Performance

NYSE:NVT opened at $72.81 on Friday. The company has a market cap of $12.00 billion, a P/E ratio of 21.35, a P/E/G ratio of 3.94 and a beta of 1.26. The firm’s 50 day moving average is $71.18 and its two-hundred day moving average is $73.24. nVent Electric plc has a fifty-two week low of $52.26 and a fifty-two week high of $86.57. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68.

nVent Electric (NYSE:NVT) last posted its quarterly 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). The firm had revenue of $782.00 million for the quarter, compared to analysts’ expectations of $937.37 million. nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. nVent Electric’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Analysts expect that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On nVent Electric

Several large investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. UMB Bank n.a. grew its stake in shares of nVent Electric by 280.0% in the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 308 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of nVent Electric in the third quarter valued at about $29,000. ORG Partners LLC purchased a new stake in shares of nVent Electric during the second quarter valued at approximately $31,000. Finally, First Foundation Advisors purchased a new stake in nVent Electric during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.