Transamerica Financial Advisors Inc. Has $168,000 Holdings in nVent Electric plc (NYSE:NVT)

Transamerica Financial Advisors Inc. raised its position in shares of nVent Electric plc (NYSE:NVT) by 2,194.2% in the third quarter, HoldingsChannel.com reports. The firm owned 2,386 shares of the company’s stock after purchasing an additional 2,282 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in nVent Electric were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew 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 buying an additional 181 shares during the period. UMB Bank n.a. grew its position in shares of nVent Electric by 280.0% during the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after buying an additional 308 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of nVent Electric during the 3rd quarter worth approximately $29,000. ORG Partners LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth approximately $31,000. Finally, First Foundation Advisors bought a new position in shares of nVent Electric in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $76.53 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $73.30 and its two-hundred day simple moving average is $73.20. nVent Electric plc has a 1-year low of $52.26 and a 1-year high of $86.57. The stock has a market cap of $12.61 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.26.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.63 earnings per share 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 company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. During the same quarter last year, the business posted $0.84 earnings per share. nVent Electric’s revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, October 18th. nVent Electric’s dividend payout ratio (DPR) is presently 22.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays cut their target price on nVent Electric from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada cut their target price on nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, KeyCorp increased their target price on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $85.33.

Insider Buying and Selling at nVent Electric

In related news, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the sale, the chief financial officer now owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. This trade represents a 18.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 8,022 shares of nVent Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.87, for a total value of $608,629.14. Following the completion of the sale, the chief accounting officer now directly owns 25,993 shares of the company’s stock, valued at approximately $1,972,088.91. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,382 shares of company stock worth $7,365,956. Corporate 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.