nVent Electric plc (NYSE:NVT) Position Increased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its holdings in shares of nVent Electric plc (NYSE:NVT) by 32.4% during the third quarter, Holdings Channel reports. The firm owned 684,732 shares of the company’s stock after acquiring an additional 167,632 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in nVent Electric were worth $48,110,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NVT. UMB Bank n.a. raised its stake in nVent Electric by 280.0% during the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 308 shares during the period. ORG Wealth Partners LLC bought a new position in shares of nVent Electric during the third quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth approximately $31,000. First Foundation Advisors bought a new stake in shares of nVent Electric in the 2nd quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in nVent Electric during the 2nd quarter valued at approximately $34,000. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Trading Down 1.5 %

Shares of NVT stock opened at $72.82 on Friday. nVent Electric plc has a 1 year low of $52.26 and a 1 year high of $86.57. The firm has a market capitalization of $12.00 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.26. The stock has a fifty day moving average of $71.40 and a two-hundred day moving average of $73.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 1.83.

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 analysts’ consensus estimates of $0.81 by ($0.18). The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. nVent Electric’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, research analysts expect that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, October 18th. nVent Electric’s dividend payout ratio (DPR) is presently 22.29%.

Insider Activity

In other nVent Electric news, CAO Randolph A. Wacker sold 8,022 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $75.87, for a total value of $608,629.14. Following the sale, the chief accounting officer now directly owns 25,993 shares in the company, valued at approximately $1,972,088.91. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jon D. Lammers sold 67,297 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the transaction, the executive vice president now owns 58,121 shares of the company’s stock, valued at approximately $4,421,264.47. This trade represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,824 shares of company stock worth $6,841,316 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Barclays lowered their price target on shares of nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Finally, KeyCorp lifted their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $85.33.

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.