nVent Electric plc (NYSE:NVT) Shares Bought by TT International Asset Management LTD

TT International Asset Management LTD increased its stake in shares of nVent Electric plc (NYSE:NVT - Free Report) by 550.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,019 shares of the company's stock after acquiring an additional 76,175 shares during the quarter. nVent Electric comprises approximately 0.8% of TT International Asset Management LTD's holdings, making the stock its 21st largest holding. TT International Asset Management LTD owned 0.05% of nVent Electric worth $6,324,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of nVent Electric by 91.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock valued at $27,000 after buying an additional 181 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of nVent Electric in the 2nd quarter valued at approximately $31,000. ORG Wealth Partners LLC bought a new stake in nVent Electric in the 3rd quarter valued at $29,000. UMB Bank n.a. increased its position in nVent Electric by 280.0% during the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company's stock worth $29,000 after buying an additional 308 shares during the period. Finally, First Foundation Advisors bought a new position in nVent Electric during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on nVent Electric from $82.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Barclays upped their price objective on nVent Electric from $76.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. KeyCorp increased their price target on nVent Electric from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Finally, Citigroup increased their price objective on nVent Electric from $78.00 to $91.00 and gave the stock a "buy" rating in a report on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $85.50.

Insiders Place Their Bets

In related news, EVP Jon D. Lammers sold 67,297 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the completion of the transaction, the executive vice president now owns 58,121 shares in the company, valued at approximately $4,421,264.47. The trade was a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jerry W. Burris sold 6,558 shares of the business's stock in a transaction 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 sale, the director now directly owns 45,040 shares of the company's stock, valued at approximately $3,603,200. This trade represents a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,382 shares of company stock worth $7,365,956 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

nVent Electric Stock Performance

NVT traded up $1.20 during midday trading on Wednesday, hitting $75.64. 776,709 shares of the company were exchanged, compared to its average volume of 1,568,151. nVent Electric plc has a 1-year low of $55.19 and a 1-year high of $86.57. 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 capitalization of $12.47 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.96 and a beta of 1.25. The company's 50 day simple moving average is $74.44 and its 200 day simple moving average is $72.89.

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

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, October 18th. nVent Electric's payout ratio is 22.29%.

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.