nVent Electric plc (NYSE:NVT) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in nVent Electric plc (NYSE:NVT - Free Report) by 14.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,432 shares of the company's stock after acquiring an additional 7,882 shares during the quarter. Aptus Capital Advisors LLC's holdings in nVent Electric were worth $4,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVT. UMB Bank n.a. increased its holdings in nVent Electric by 280.0% in the third quarter. UMB Bank n.a. now owns 418 shares of the company's stock valued at $29,000 after buying an additional 308 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of nVent Electric in the 3rd quarter valued at $29,000. ORG Partners LLC acquired a new position in shares of nVent Electric in the 2nd quarter valued at $31,000. First Foundation Advisors purchased a new position in shares of nVent Electric in the 2nd quarter valued at $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in nVent Electric in the second quarter valued at $34,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, CFO Sara E. Zawoyski sold 14,505 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now owns 62,215 shares of the company's stock, valued at $4,775,623.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Sara E. Zawoyski sold 14,505 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now directly owns 62,215 shares in the company, valued at approximately $4,775,623.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Herbert K. Parker purchased 7,566 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $65.71 per share, with a total value of $497,161.86. Following the acquisition, the director now directly owns 34,524 shares in the company, valued at $2,268,572.04. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 89,824 shares of company stock valued at $6,841,316 in the last ninety days. Insiders own 2.50% of the company's stock.

nVent Electric Price Performance

Shares of NVT stock traded up $0.62 during trading hours on Wednesday, hitting $76.60. The company's stock had a trading volume of 1,328,631 shares, compared to its average volume of 1,578,384. 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 plc has a twelve month low of $52.26 and a twelve month high of $86.57. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 3.91 and a beta of 1.26. The business has a fifty day moving average of $70.67 and a 200-day moving average of $73.21.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The company had revenue of $782.00 million for the quarter, compared to analysts' expectations of $937.37 million. During the same period in the previous year, the business posted $0.84 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that nVent Electric plc will post 2.5 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. nVent Electric's dividend payout ratio (DPR) is 22.29%.

Analyst Upgrades and Downgrades

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

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.