Hantz Financial Services Inc. Sells 24,784 Shares of nVent Electric plc (NYSE:NVT)

Hantz Financial Services Inc. trimmed its position in nVent Electric plc (NYSE:NVT - Free Report) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,560 shares of the company's stock after selling 24,784 shares during the period. Hantz Financial Services Inc. owned approximately 0.10% of nVent Electric worth $11,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co grew its stake in nVent Electric by 79.4% in the third quarter. Fiduciary Trust Co now owns 8,296 shares of the company's stock valued at $583,000 after purchasing an additional 3,672 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of nVent Electric by 125.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,721 shares of the company's stock valued at $1,948,000 after buying an additional 15,438 shares in the last quarter. Bridgewater Associates LP acquired a new stake in nVent Electric in the third quarter valued at $1,781,000. Thematics Asset Management lifted its stake in nVent Electric by 11.6% in the third quarter. Thematics Asset Management now owns 864,708 shares of the company's stock valued at $60,754,000 after acquiring an additional 90,000 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. grew its position in shares of nVent Electric by 2,194.2% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 2,386 shares of the company's stock valued at $168,000 after acquiring an additional 2,282 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Royal Bank of Canada dropped their price objective on nVent Electric from $82.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Finally, Barclays reduced their target price on nVent Electric from $87.00 to $86.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $85.33.

nVent Electric Stock Performance

Shares of NYSE:NVT traded up $1.77 during trading on Friday, reaching $78.31. 812,674 shares of the stock were exchanged, compared to its average volume of 1,582,169. nVent Electric plc has a 12 month low of $52.70 and a 12 month high of $86.57. The stock has a 50-day moving average price of $73.57 and a 200-day moving average price of $73.21. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68. The firm has a market cap of $12.91 billion, a PE ratio of 22.96, a PEG ratio of 3.94 and a beta of 1.26.

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 (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $937.37 million. During the same quarter last year, the firm earned $0.84 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts expect that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, October 18th. nVent Electric's dividend payout ratio (DPR) is 22.29%.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 8,022 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $75.87, for a total value of $608,629.14. Following the transaction, the chief accounting officer now directly owns 25,993 shares of the company's stock, valued at $1,972,088.91. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now owns 62,215 shares of the company's stock, valued at $4,775,623.40. The trade was a 18.91 % 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 worth $7,365,956 in the last quarter. Corporate insiders own 2.50% of the company's stock.

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.