Diversified Trust Co Makes New $536,000 Investment in nVent Electric plc (NYSE:NVT)

Diversified Trust Co purchased a new position in shares of nVent Electric plc (NYSE:NVT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,869 shares of the company's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted 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 in the last quarter. UMB Bank n.a. lifted its holdings 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 purchased a new position in nVent Electric in the third quarter worth $29,000. Ashton Thomas Private Wealth LLC bought a new position in nVent Electric in the 2nd quarter valued at $34,000. Finally, Huntington National Bank increased its position in shares of nVent Electric by 57.3% during the 3rd quarter. Huntington National Bank now owns 612 shares of the company's stock valued at $43,000 after purchasing an additional 223 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CFO Sara E. Zawoyski sold 14,505 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the transaction, the chief financial officer now owns 62,215 shares in the company, valued at $4,775,623.40. This trade represents a 18.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the director now directly owns 45,040 shares of the company's stock, valued at $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,382 shares of company stock valued at $7,365,956 in the last 90 days. Corporate insiders own 2.50% of the company's stock.

nVent Electric Price Performance

Shares of NVT stock traded down $0.96 during trading hours on Friday, reaching $68.89. The stock had a trading volume of 928,519 shares, compared to its average volume of 1,151,437. The stock's fifty day simple moving average is $73.55 and its 200 day simple moving average is $71.40. The firm has a market capitalization of $11.35 billion, a PE ratio of 20.20, a PEG ratio of 3.86 and a beta of 1.27. nVent Electric plc has a 12 month low of $55.19 and a 12 month high of $86.57. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.18). The firm had revenue of $782.00 million during 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%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts predict that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a $0.20 dividend. This is a positive change from nVent Electric's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, January 17th. nVent Electric's dividend payout ratio is currently 23.46%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of nVent Electric from $78.00 to $91.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Royal Bank of Canada lifted their price target on shares of nVent Electric from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. KeyCorp increased their price objective on nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Finally, Barclays boosted their target price on nVent Electric from $76.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $86.33.

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.