nVent Electric plc (NYSE:NVT) Shares Sold by Holocene Advisors LP

Holocene Advisors LP lowered its position in nVent Electric plc (NYSE:NVT - Free Report) by 95.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,888 shares of the company's stock after selling 396,053 shares during the period. Holocene Advisors LP's holdings in nVent Electric were worth $1,397,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NVT. Massachusetts Financial Services Co. MA raised its position in shares of nVent Electric by 16.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,884,487 shares of the company's stock worth $374,201,000 after purchasing an additional 673,990 shares during the last quarter. Clean Energy Transition LLP raised its position in shares of nVent Electric by 56.5% during the 3rd quarter. Clean Energy Transition LLP now owns 2,254,633 shares of the company's stock worth $158,411,000 after purchasing an additional 813,909 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of nVent Electric by 1.7% during 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 last quarter. Swedbank AB acquired a new position in shares of nVent Electric during the 3rd quarter worth about $110,663,000. Finally, Millennium Management LLC raised its position in shares of nVent Electric by 159.9% during 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 last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Price Performance

NYSE NVT traded down $0.80 during trading hours on Friday, hitting $76.89. 993,149 shares of the company's stock traded hands, compared to its average volume of 1,522,910. nVent Electric plc has a 52-week low of $53.96 and a 52-week high of $86.57. The company has a market capitalization of $12.67 billion, a PE ratio of 22.55, a PEG ratio of 4.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The firm's 50-day moving average is $74.34 and its 200-day moving average is $73.01.

nVent Electric (NYSE:NVT - Get Free Report) last posted 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 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 analysts' expectations of $937.37 million. During the same period last year, the company earned $0.84 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.99%. nVent Electric's dividend payout ratio (DPR) is 22.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on NVT shares. Barclays upped their price target on shares of nVent Electric from $76.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday. KeyCorp upped their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada dropped their price objective on shares of nVent Electric from $82.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $85.67.

Insider Activity

In related news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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 owns 45,040 shares of the company's stock, valued at approximately $3,603,200. This trade represents a 12.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the transaction, the chief financial officer now directly owns 62,215 shares of the company's stock, valued at $4,775,623.40. The trade was a 18.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,382 shares of company stock valued at $7,365,956 in the last 90 days. Company insiders own 2.50% of the company's stock.

nVent Electric Company 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.