Der Kolk Robert J. Van Sells 10,993 Shares of nVent Electric PLC (NYSE:NVT) Stock

Key Points

• Insider Robert J. Van Der Kolk sold 10,993 shares of nVent Electric PLC for approximately $979,916, reducing his ownership by 21.24%.
• nVent Electric reported a 30.1% increase in quarterly revenue to $963.10 million and beat earnings expectations with an EPS of $0.86.
• Analysts have recently adjusted their price targets for nVent Electric, with Goldman Sachs raising their target to $87.00 and Roth Capital setting a target of $100.00, maintaining a "buy" rating.

nVent Electric PLC (NYSE:NVT - Get Free Report) insider Der Kolk Robert J. Van sold 10,993 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.14, for a total value of $979,916.02. Following the sale, the insider owned 40,772 shares of the company's stock, valued at approximately $3,634,416.08. The trade was a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

nVent Electric Trading Up 0.4%

Shares of NYSE NVT traded up $0.33 during trading on Wednesday, reaching $90.06. The company had a trading volume of 1,677,269 shares, compared to its average volume of 2,454,366. The company's fifty day moving average price is $73.45 and its 200-day moving average price is $64.35. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $91.52. The stock has a market cap of $14.49 billion, a P/E ratio of 25.66, a PEG ratio of 1.54 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%. The company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the prior year, the company earned $0.82 EPS. The firm's revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Saturday, January 1st were given a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. nVent Electric's dividend payout ratio is presently 22.79%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NVT shares. The Goldman Sachs Group boosted their price target on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Roth Capital reissued a "buy" rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a report on Monday. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Barclays reissued an "overweight" rating on shares of nVent Electric in a report on Monday. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a report on Monday. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and a consensus price target of $87.00.

Institutional Investors Weigh In On nVent Electric

Several institutional investors and hedge funds have recently made changes to their positions in NVT. SVB Wealth LLC bought a new stake in shares of nVent Electric during the 1st quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in shares of nVent Electric during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC boosted its holdings in nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Trust Co. of Vermont boosted its holdings in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company's stock worth $32,000 after acquiring an additional 159 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company's stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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.

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