Transamerica Financial Advisors Inc. Has $168,000 Position in nVent Electric plc (NYSE:NVT)

Transamerica Financial Advisors Inc. raised its stake in nVent Electric plc (NYSE:NVT) by 2,194.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,386 shares of the company’s stock after purchasing an additional 2,282 shares during the period. Transamerica Financial Advisors Inc.’s holdings in nVent Electric were worth $168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVT. BNP Paribas Financial Markets grew its stake in shares of nVent Electric by 1.2% in the third quarter. BNP Paribas Financial Markets now owns 73,369 shares of the company’s stock valued at $5,155,000 after acquiring an additional 874 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of nVent Electric in the third quarter valued at about $44,000. Quantbot Technologies LP grew its stake in shares of nVent Electric by 5.2% in the third quarter. Quantbot Technologies LP now owns 37,947 shares of the company’s stock valued at $2,666,000 after acquiring an additional 1,861 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of nVent Electric by 8.2% in the third quarter. The Manufacturers Life Insurance Company now owns 212,096 shares of the company’s stock valued at $14,902,000 after acquiring an additional 16,154 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of nVent Electric by 6.0% in the third quarter. Private Trust Co. NA now owns 11,504 shares of the company’s stock valued at $808,000 after acquiring an additional 655 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In other news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $80.00, for a total value 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 represents a 12.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sara E. Zawoyski sold 14,505 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now directly owns 62,215 shares of the company’s stock, valued at $4,775,623.40. This represents a 18.91 % 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 valued at $7,365,956. 2.50% of the stock is currently owned by insiders.

nVent Electric Trading Down 1.9 %

NVT opened at $76.53 on Thursday. nVent Electric plc has a twelve month low of $52.26 and a twelve month high of $86.57. The company has a 50-day simple moving average of $73.30 and a 200 day simple moving average of $73.20. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 4.03 and a beta of 1.26.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data 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). The firm had revenue of $782.00 million for the quarter, compared to the consensus estimate of $937.37 million. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Analysts predict that nVent Electric plc will post 2.5 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.19 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. nVent Electric’s dividend payout ratio (DPR) is currently 22.29%.

Analyst Ratings Changes

Several equities analysts recently commented on NVT shares. KeyCorp upped their price target 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. Royal Bank of Canada decreased their price target on shares of nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Barclays cut their price objective on shares of nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $85.33.

About nVent Electric

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.