Greenleaf Trust Buys Shares of 4,144 nVent Electric PLC (NYSE:NVT)

Greenleaf Trust bought a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,144 shares of the company's stock, valued at approximately $217,000.

Several other large investors have also recently bought and sold shares of the stock. Capital A Wealth Management LLC bought a new stake in nVent Electric in the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in nVent Electric in the 4th quarter valued at $38,000. Whipplewood Advisors LLC increased its holdings in nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. increased its holdings in nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock valued at $43,000 after buying an additional 300 shares during the period. Finally, Huntington National Bank increased its holdings in nVent Electric by 60.9% in the 4th quarter. Huntington National Bank now owns 985 shares of the company's stock valued at $67,000 after buying an additional 373 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $61.35, for a total transaction of $247,915.35. Following the sale, the executive vice president owned 32,665 shares of the company's stock, valued at $2,003,997.75. This represents a 11.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

nVent Electric Price Performance

Shares of NVT traded up $2.81 during trading hours on Thursday, hitting $77.29. The stock had a trading volume of 2,103,666 shares, compared to its average volume of 1,989,315. The company's fifty day moving average is $69.74 and its two-hundred day moving average is $63.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.87 and a quick ratio of 2.42. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $81.20. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.48 and a beta of 1.31.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. nVent Electric had a net margin of 18.22% and a return on equity of 13.54%. The firm had revenue of $809.30 million for the quarter, compared to analyst estimates of $790.74 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The company's revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, July 18th. nVent Electric's dividend payout ratio is currently 22.86%.

Analyst Upgrades and Downgrades

NVT has been the topic of several analyst reports. Barclays boosted their price target on shares of nVent Electric from $74.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup boosted their price target on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday. The Goldman Sachs Group boosted their price target on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. Royal Bank Of Canada upped their target price on shares of nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, KeyCorp upped their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, nVent Electric has an average rating of "Buy" and an average price target of $80.33.

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.