Hantz Financial Services Inc. Has $9.56 Million Holdings in nVent Electric PLC $NVT

Hantz Financial Services Inc. cut its position in shares of nVent Electric PLC (NYSE:NVT) by 10.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 130,496 shares of the company’s stock after selling 14,538 shares during the quarter. Hantz Financial Services Inc.’s holdings in nVent Electric were worth $9,559,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of nVent Electric during the first quarter worth $25,000. Trust Co. of Vermont grew its holdings in nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after acquiring an additional 159 shares during the period. Hughes Financial Services LLC acquired a new stake in nVent Electric during the 1st quarter worth about $36,000. First Horizon Advisors Inc. grew its holdings in nVent Electric by 58.0% during the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after acquiring an additional 300 shares during the period. Finally, American National Bank & Trust acquired a new stake in nVent Electric during the 2nd quarter worth about $46,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVT. The Goldman Sachs Group raised their target price on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. KeyCorp raised their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and a consensus price target of $99.71.

nVent Electric Trading Down 1.9%

Shares of nVent Electric stock opened at $104.30 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $107.75. The stock has a 50 day moving average price of $96.83 and a two-hundred day moving average price of $79.69. The stock has a market capitalization of $16.79 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same quarter last year, the firm posted $0.82 EPS. nVent Electric’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is currently 22.79%.

Insider Activity

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. The trade was a 24.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the transaction, the executive vice president owned 12,063 shares of the company’s stock, valued at $1,085,670. This trade represents a 67.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by insiders.

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.