nVent Electric plc (NYSE:NVT) Shares Sold by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. reduced its position in shares of nVent Electric plc (NYSE:NVT) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,211 shares of the company’s stock after selling 340 shares during the period. Mcrae Capital Management Inc.’s holdings in nVent Electric were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of nVent Electric by 37.2% during the 3rd quarter. CWM LLC now owns 3,448 shares of the company’s stock worth $242,000 after buying an additional 935 shares during the last quarter. Creative Planning raised its position in nVent Electric by 16.5% in the third quarter. Creative Planning now owns 23,191 shares of the company’s stock valued at $1,629,000 after purchasing an additional 3,277 shares during the period. NBC Securities Inc. lifted its stake in shares of nVent Electric by 17.2% in the 3rd quarter. NBC Securities Inc. now owns 6,157 shares of the company’s stock valued at $432,000 after purchasing an additional 902 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of nVent Electric by 18.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 500,984 shares of the company’s stock worth $35,199,000 after purchasing an additional 79,157 shares during the period. Finally, Good Life Advisors LLC grew its holdings in shares of nVent Electric by 1.5% during the 3rd quarter. Good Life Advisors LLC now owns 38,888 shares of the company’s stock worth $2,732,000 after purchasing an additional 585 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the sale, the director now owns 45,040 shares of the company’s stock, valued at $3,603,200. This trade represents a 12.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays boosted their price target on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Citigroup lowered their price objective on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. 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 a consensus price target of $86.33.

nVent Electric Stock Down 0.1 %

Shares of NVT opened at $67.45 on Friday. The company’s 50-day simple moving average is $70.04 and its 200-day simple moving average is $70.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.73. nVent Electric plc has a 1 year low of $56.44 and a 1 year high of $86.57. The stock has a market capitalization of $11.12 billion, a PE ratio of 34.41, a P/E/G ratio of 3.01 and a beta of 1.26.

nVent Electric (NYSE:NVT) last released its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. Analysts forecast that nVent Electric plc will post 3.03 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $0.20 dividend. The ex-dividend date was Friday, January 17th. This is a positive change from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

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.