World Investment Advisors LLC Invests $20.43 Million in nVent Electric plc (NYSE:NVT)

World Investment Advisors LLC bought a new position in nVent Electric plc (NYSE:NVT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 290,727 shares of the company's stock, valued at approximately $20,426,000. World Investment Advisors LLC owned 0.18% of nVent Electric as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in nVent Electric by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company's stock worth $27,000 after purchasing an additional 181 shares during the period. ORG Partners LLC purchased a new stake in shares of nVent Electric in the 2nd quarter valued at about $31,000. ORG Wealth Partners LLC purchased a new stake in shares of nVent Electric in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its holdings in shares of nVent Electric by 280.0% in the 3rd quarter. UMB Bank n.a. now owns 418 shares of the company's stock valued at $29,000 after acquiring an additional 308 shares in the last quarter. Finally, First Foundation Advisors purchased a new stake in shares of nVent Electric in the 2nd quarter valued at about $34,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

nVent Electric Stock Down 1.0 %

Shares of NVT stock traded down $0.80 during mid-day trading on Friday, hitting $76.89. The company's stock had a trading volume of 993,149 shares, 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 business has a 50-day moving average price of $74.34 and a 200 day moving average price of $72.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 1.83. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 4.08 and a beta of 1.25.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates 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 revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. Research analysts predict that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, October 18th. nVent Electric's dividend payout ratio (DPR) is presently 22.29%.

Insider Activity at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the business's stock in a transaction dated Monday, November 25th. The stock was 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 owns 45,040 shares of the company's stock, valued at approximately $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jon D. Lammers sold 67,297 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $76.07, for a total value of $5,119,282.79. Following the sale, the executive vice president now directly owns 58,121 shares of the company's stock, valued at $4,421,264.47. This represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,382 shares of company stock worth $7,365,956. 2.50% of the stock is owned by insiders.

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.