nVent Electric PLC (NYSE:NVT) Director William T. Monahan sold 17,133 shares of nVent Electric stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $28.08, for a total transaction of $481,094.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:NVT opened at $27.94 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.12 and a quick ratio of 1.53. nVent Electric PLC has a 12 month low of $21.00 and a 12 month high of $29.84.

nVent Electric (NYSE:NVT) last posted its earnings results on Thursday, July 26th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $542.70 million during the quarter, compared to the consensus estimate of $542.50 million. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts anticipate that nVent Electric PLC will post 1.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Friday, August 3rd were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, August 2nd.

NVT has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of nVent Electric in a research report on Monday, May 14th. They issued an “equal weight” rating and a $24.00 target price for the company. KeyCorp initiated coverage on shares of nVent Electric in a research report on Tuesday, May 15th. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Susquehanna Bancshares initiated coverage on shares of nVent Electric in a research report on Friday, May 18th. They issued a “positive” rating and a $30.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $28.25.

A number of large investors have recently bought and sold shares of NVT. Tyers Asset Management LLC purchased a new position in shares of nVent Electric during the 2nd quarter worth $184,000. SG Americas Securities LLC purchased a new position in shares of nVent Electric during the 2nd quarter worth $1,349,000. Credit Agricole S A purchased a new position in shares of nVent Electric during the 2nd quarter worth $3,082,000. Palisade Asset Management LLC purchased a new position in shares of nVent Electric during the 2nd quarter worth $372,000. Finally, BP PLC purchased a new position in shares of nVent Electric during the 2nd quarter worth $578,000. 81.60% of the stock is owned by institutional investors and hedge funds.

About nVent Electric

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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