Fiera Capital Corp Sells 724,062 Shares of nVent Electric plc (NYSE:NVT)

Fiera Capital Corp lowered its stake in shares of nVent Electric plc (NYSE:NVT - Free Report) by 98.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,654 shares of the company's stock after selling 724,062 shares during the quarter. Fiera Capital Corp's holdings in nVent Electric were worth $1,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in nVent Electric by 16.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,884,487 shares of the company's stock worth $374,201,000 after acquiring an additional 673,990 shares during the last quarter. Boston Partners lifted its position in shares of nVent Electric by 3.2% in the 1st quarter. Boston Partners now owns 3,325,834 shares of the company's stock worth $250,770,000 after purchasing an additional 102,643 shares during the period. Principal Financial Group Inc. lifted its position in shares of nVent Electric by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,763,254 shares of the company's stock worth $123,891,000 after purchasing an additional 28,876 shares during the period. Swedbank AB purchased a new stake in shares of nVent Electric in the 3rd quarter worth about $110,663,000. Finally, Millennium Management LLC lifted its position in shares of nVent Electric by 159.9% in the 2nd quarter. Millennium Management LLC now owns 1,346,576 shares of the company's stock worth $103,161,000 after purchasing an additional 828,425 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at nVent Electric

In other nVent Electric news, Director Herbert K. Parker bought 7,566 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $65.71 per share, for a total transaction of $497,161.86. Following the completion of the transaction, the director now owns 34,524 shares of the company's stock, valued at $2,268,572.04. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other nVent Electric news, CAO Randolph A. Wacker sold 8,022 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $75.87, for a total value of $608,629.14. Following the completion of the transaction, the chief accounting officer now directly owns 25,993 shares in the company, valued at $1,972,088.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Herbert K. Parker purchased 7,566 shares of the company's stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, the director now owns 34,524 shares of the company's stock, valued at approximately $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 sold 95,323 shares of company stock worth $6,994,965 over the last three months. 2.50% of the stock is currently owned by company insiders.

nVent Electric Stock Up 0.5 %

nVent Electric stock traded up $0.35 during trading hours on Monday, hitting $77.30. The stock had a trading volume of 311,201 shares, compared to its average volume of 1,577,916. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $12.74 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 3.96 and a beta of 1.26. nVent Electric plc has a 12-month low of $50.91 and a 12-month high of $86.57. The stock's 50-day moving average price is $70.23 and its 200-day moving average price is $73.19.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.63 earnings per share (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 analysts' expectations of $937.37 million. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. Equities research analysts anticipate that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid 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 dividend yield of 0.98%. nVent Electric's dividend payout ratio is presently 22.29%.

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.