Custom Index Systems LLC Grows Holdings in nVent Electric plc (NYSE:NVT)

Custom Index Systems LLC grew its position in nVent Electric plc (NYSE:NVT - Free Report) by 127.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 15,883 shares of the company's stock after acquiring an additional 8,896 shares during the period. Custom Index Systems LLC's holdings in nVent Electric were worth $1,116,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of nVent Electric by 4.0% in the third quarter. State of Alaska Department of Revenue now owns 34,082 shares of the company's stock valued at $2,393,000 after buying an additional 1,310 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in nVent Electric by 42.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 308,058 shares of the company's stock worth $23,166,000 after acquiring an additional 91,811 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in nVent Electric by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,973 shares of the company's stock valued at $2,176,000 after acquiring an additional 528 shares during the period. Ballentine Partners LLC bought a new position in shares of nVent Electric during the third quarter valued at $216,000. Finally, Busey Bank lifted its holdings in shares of nVent Electric by 0.9% during the third quarter. Busey Bank now owns 204,930 shares of the company's stock worth $14,398,000 after purchasing an additional 1,798 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays lowered their target price on 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 objective on nVent Electric from $88.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Finally, KeyCorp upped their target price on nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $85.67.

Insider Transactions at nVent Electric

In other news, insider Michael B. Faulconer sold 20,004 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $63.34, for a total transaction of $1,267,053.36. Following the completion of the sale, the insider now owns 19,766 shares in the company, valued at $1,251,978.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Michael B. Faulconer sold 20,004 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $63.34, for a total value of $1,267,053.36. Following the sale, the insider now owns 19,766 shares in the company, valued at $1,251,978.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lynnette R. Heath sold 8,242 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total transaction of $496,662.92. Following the completion of the transaction, the executive vice president now directly owns 30,432 shares in the company, valued at approximately $1,833,832.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

nVent Electric Trading Down 1.1 %

Shares of NVT stock traded down $0.80 during mid-day trading on Friday, hitting $73.34. The company's stock had a trading volume of 1,155,170 shares, compared to its average volume of 1,525,423. nVent Electric plc has a 52 week low of $45.60 and a 52 week high of $86.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 2.17. The company's fifty day simple moving average is $68.73 and its 200-day simple moving average is $73.14. The company has a market cap of $12.18 billion, a PE ratio of 21.38, a P/E/G ratio of 1.50 and a beta of 1.27.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). The business had revenue of $880.30 million during the quarter, compared to analyst estimates of $892.89 million. nVent Electric had a net margin of 16.59% and a return on equity of 17.21%. nVent Electric's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. As a group, equities research analysts expect that nVent Electric plc will post 3.26 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, October 18th. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. nVent Electric's dividend payout ratio is currently 22.16%.

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.