nVent Electric plc (NYSE:NVT) Shares Sold by Csenge Advisory Group

Csenge Advisory Group reduced its holdings in nVent Electric plc (NYSE:NVT) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,967 shares of the company’s stock after selling 1,894 shares during the quarter. Csenge Advisory Group’s holdings in nVent Electric were worth $543,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in shares of nVent Electric by 91.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Crews Bank & Trust acquired a new stake in nVent Electric in the fourth quarter worth about $26,000. Huntington National Bank grew its position in nVent Electric by 57.3% in the 3rd quarter. Huntington National Bank now owns 612 shares of the company’s stock valued at $43,000 after buying an additional 223 shares in the last quarter. Brooklyn Investment Group acquired a new position in nVent Electric during the 3rd quarter valued at about $44,000. Finally, Tsfg LLC bought a new stake in shares of nVent Electric during the 4th quarter worth about $51,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jerry W. Burris sold 6,558 shares of nVent Electric stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the transaction, the director now owns 45,040 shares in the company, valued at approximately $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVT. Barclays increased their price objective on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup decreased their price target on nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $86.33.

nVent Electric Price Performance

NYSE NVT opened at $68.86 on Wednesday. The stock has a market capitalization of $11.35 billion, a P/E ratio of 35.13, a P/E/G ratio of 3.01 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.73. The business’s fifty day moving average is $69.53 and its two-hundred day moving average is $70.13. nVent Electric plc has a 1 year low of $56.44 and a 1 year high of $86.57.

nVent Electric (NYSE:NVT) last announced its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. On average, research analysts forecast that nVent Electric plc will post 3.03 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is currently 40.82%.

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.