Cwm LLC Increases Stock Position in nVent Electric plc (NYSE:NVT)

Cwm LLC grew its stake in nVent Electric plc (NYSE:NVT) by 37.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,448 shares of the company’s stock after buying an additional 935 shares during the quarter. Cwm LLC’s holdings in nVent Electric were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of nVent Electric during the 1st quarter worth $26,000. ORG Partners LLC bought a new stake in nVent Electric during the second quarter worth about $31,000. First Foundation Advisors purchased a new position in shares of nVent Electric in the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of nVent Electric during the 2nd quarter valued at about $34,000. Finally, Versant Capital Management Inc increased its position in shares of nVent Electric by 494.3% during the 2nd quarter. Versant Capital Management Inc now owns 523 shares of the company’s stock valued at $40,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other nVent Electric news, Director Herbert K. Parker bought 7,566 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $65.71 per share, with a total value of $497,161.86. Following the completion of the purchase, the director now directly owns 34,524 shares of the company’s stock, valued at $2,268,572.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other nVent Electric news, Director Herbert K. Parker purchased 7,566 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the purchase, the director now directly owns 34,524 shares of the company’s stock, valued at $2,268,572.04. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 8,242 shares of nVent Electric stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total transaction of $496,662.92. Following the completion of the sale, the executive vice president now owns 30,432 shares in the company, valued at approximately $1,833,832.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $73.45 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.17 and a quick ratio of 1.49. nVent Electric plc has a one year low of $45.60 and a one year high of $86.57. The business’s 50 day simple moving average is $68.28 and its two-hundred day simple moving average is $73.18. The stock has a market capitalization of $12.19 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27.

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

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, October 18th. nVent Electric’s dividend payout ratio (DPR) is 22.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Barclays dropped their target price on nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. KeyCorp boosted their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reduced their target price on shares of nVent Electric from $88.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $85.67.

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.