nVent Electric PLC (NYSE:NVT) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in nVent Electric PLC (NYSE:NVT) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,170 shares of the company’s stock after acquiring an additional 7,600 shares during the period. Nisa Investment Advisors LLC’s holdings in nVent Electric were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new stake in shares of nVent Electric in the 2nd quarter valued at $386,000. First Trust Advisors LP grew its stake in nVent Electric by 436.4% during the 1st quarter. First Trust Advisors LP now owns 248,765 shares of the company’s stock worth $6,712,000 after purchasing an additional 202,386 shares in the last quarter. Redwood Investment Management LLC grew its stake in nVent Electric by 12.9% during the 1st quarter. Redwood Investment Management LLC now owns 36,378 shares of the company’s stock worth $981,000 after purchasing an additional 4,143 shares in the last quarter. Clearbridge Investments LLC grew its stake in nVent Electric by 0.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,330,906 shares of the company’s stock worth $35,908,000 after purchasing an additional 6,889 shares in the last quarter. Finally, CNH Partners LLC grew its stake in nVent Electric by 1.1% during the 1st quarter. CNH Partners LLC now owns 772,500 shares of the company’s stock worth $20,842,000 after purchasing an additional 8,412 shares in the last quarter. 86.08% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on NVT shares. Buckingham Research set a $31.00 target price on nVent Electric and gave the stock a “buy” rating in a research note on Friday, April 26th. ValuEngine cut nVent Electric from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. Vertical Research cut nVent Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research cut nVent Electric from a “hold” rating to a “sell” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. nVent Electric currently has an average rating of “Hold” and a consensus target price of $29.40.

In other news, Director Trian Fund Management, L.P. sold 3,000,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $24.53, for a total transaction of $73,590,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Ducker acquired 2,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of $24.07 per share, with a total value of $48,140.00. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

NVT traded down $1.02 on Friday, hitting $21.57. 2,070,727 shares of the company were exchanged, compared to its average volume of 1,000,066. nVent Electric PLC has a twelve month low of $19.71 and a twelve month high of $29.84. The stock has a market capitalization of $4.33 billion, a P/E ratio of 12.40 and a beta of 1.54. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $24.56.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $550.75 million. nVent Electric had a return on equity of 11.66% and a net margin of 10.62%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Research analysts forecast that nVent Electric PLC will post 1.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.70 annualized dividend and a dividend yield of 3.25%. nVent Electric’s dividend payout ratio is currently 40.23%.

nVent Electric Profile

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

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