Fractal Investments LLC Sells 5,436 Shares of nVent Electric plc (NYSE:NVT)

Fractal Investments LLC decreased its position in nVent Electric plc (NYSE:NVT) by 43.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,061 shares of the company’s stock after selling 5,436 shares during the quarter. Fractal Investments LLC’s holdings in nVent Electric were worth $496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in nVent Electric by 280.0% in the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 308 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in nVent Electric during the third quarter worth about $29,000. ORG Partners LLC bought a new stake in nVent Electric in the second quarter worth about $31,000. First Foundation Advisors purchased a new position in nVent Electric in the second quarter valued at about $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of nVent Electric during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NVT shares. KeyCorp lifted their price target 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. Royal Bank of Canada dropped their price target on nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barclays cut their price target on nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.33.

Insider Buying and Selling

In other news, Director Herbert K. Parker purchased 7,566 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $65.71 per share, with a total value of $497,161.86. Following the acquisition, the director now directly owns 34,524 shares in the company, valued at approximately $2,268,572.04. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other nVent Electric news, Director Herbert K. Parker purchased 7,566 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $65.71 per share, with a total value of $497,161.86. Following the acquisition, the director now directly owns 34,524 shares in the company, valued at approximately $2,268,572.04. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael B. Faulconer sold 20,004 shares of nVent Electric stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $63.34, for a total value of $1,267,053.36. Following the sale, the insider now owns 19,766 shares of the company’s stock, valued at approximately $1,251,978.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

nVent Electric Trading Up 1.4 %

NYSE:NVT opened at $69.78 on Wednesday. nVent Electric plc has a 1 year low of $49.08 and a 1 year high of $86.57. The stock’s fifty day moving average price is $69.59 and its two-hundred day moving average price is $73.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The company has a market cap of $11.60 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.40 and a beta of 1.26.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The company had revenue of $880.30 million for the quarter, compared to analysts’ expectations of $892.89 million. During the same period last year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, analysts expect 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 was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, October 18th. This represents a $0.76 annualized dividend and a yield of 1.09%. nVent Electric’s dividend payout ratio is currently 22.29%.

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.