Integrated Wealth Concepts LLC Has $263,000 Holdings in nVent Electric plc (NYSE:NVT)

Integrated Wealth Concepts LLC trimmed its position in shares of nVent Electric plc (NYSE:NVT) by 31.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,746 shares of the company’s stock after selling 1,710 shares during the period. Integrated Wealth Concepts LLC’s holdings in nVent Electric were worth $263,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of nVent Electric by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of nVent Electric by 280.0% in the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company’s stock valued at $29,000 after purchasing an additional 308 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of nVent Electric in the 3rd quarter valued at $29,000. ORG Partners LLC acquired a new position in shares of nVent Electric during the 2nd quarter worth $31,000. Finally, First Foundation Advisors bought a new stake in shares of nVent Electric during the 2nd quarter worth $34,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp lifted their target price on nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Citigroup lifted their price target on shares of nVent Electric from $78.00 to $91.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada dropped 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 note on Monday, November 4th. Finally, Barclays boosted their target price on shares of nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, nVent Electric presently has an average rating of “Buy” and a consensus price target of $85.50.

nVent Electric Stock Down 0.8 %

Shares of NYSE NVT opened at $74.97 on Friday. The company has a 50 day simple moving average of $74.85 and a 200 day simple moving average of $72.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. nVent Electric plc has a 1 year low of $55.19 and a 1 year high of $86.57. The firm has a market cap of $12.36 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 3.88 and a beta of 1.25.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The business had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. During the same period in the previous year, the business posted $0.84 EPS. nVent Electric’s revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. nVent Electric’s dividend payout ratio (DPR) is presently 22.29%.

Insider Activity

In other news, CAO Randolph A. Wacker sold 8,022 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.87, for a total value of $608,629.14. Following the transaction, the chief accounting officer now owns 25,993 shares in the company, valued at approximately $1,972,088.91. The trade was a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $80.00, for a total transaction of $524,640.00. Following the completion of the sale, the director now directly owns 45,040 shares in the company, valued at approximately $3,603,200. This represents a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,382 shares of company stock valued at $7,365,956. Company insiders own 2.50% of the company’s stock.

nVent Electric 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.