nVent Electric PLC (NYSE:NVT – Get Free Report) CEO Beth Wozniak sold 7,597 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the transaction, the chief executive officer directly owned 52,990 shares in the company, valued at $6,171,745.30. The trade was a 12.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Beth Wozniak also recently made the following trade(s):
- On Thursday, November 20th, Beth Wozniak sold 4,137 shares of nVent Electric stock. The stock was sold at an average price of $110.35, for a total transaction of $456,517.95.
nVent Electric Stock Up 1.1%
NVT opened at $113.13 on Friday. The business’s fifty day simple moving average is $108.07 and its 200 day simple moving average is $101.49. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $120.85. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. The stock has a market cap of $18.25 billion, a PE ratio of 26.31, a P/E/G ratio of 1.16 and a beta of 1.33.
nVent Electric Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, January 23rd. nVent Electric’s payout ratio is 19.53%.
Institutional Investors Weigh In On nVent Electric
A number of large investors have recently made changes to their positions in NVT. FORA Capital LLC bought a new position in shares of nVent Electric during the fourth quarter valued at approximately $2,786,000. CreativeOne Wealth LLC purchased a new position in nVent Electric during the 4th quarter valued at $208,000. Kestra Advisory Services LLC raised its holdings in nVent Electric by 2.2% in the 4th quarter. Kestra Advisory Services LLC now owns 11,038 shares of the company’s stock worth $1,126,000 after purchasing an additional 234 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of nVent Electric by 25.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,311 shares of the company’s stock worth $236,000 after purchasing an additional 464 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of nVent Electric during the 4th quarter valued at about $3,801,000. 90.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
NVT has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research downgraded nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Barclays boosted their target price on nVent Electric from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday. Wall Street Zen cut nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, nVent Electric currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.
View Our Latest Report on nVent Electric
nVent Electric Company Profile
nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.
The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.
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