nVent Electric plc (NYSE:NVT) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in nVent Electric plc (NYSE:NVT - Free Report) by 64.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,007 shares of the company's stock after selling 9,040 shares during the period. Jefferies Financial Group Inc.'s holdings in nVent Electric were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in nVent Electric during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. grew its position in shares of nVent Electric by 547.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 751 shares of the company's stock worth $51,000 after buying an additional 635 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of nVent Electric by 26.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company's stock worth $53,000 after acquiring an additional 162 shares in the last quarter. Blue Trust Inc. lifted its position in nVent Electric by 243.5% during the fourth quarter. Blue Trust Inc. now owns 869 shares of the company's stock valued at $61,000 after acquiring an additional 616 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in nVent Electric during the fourth quarter valued at approximately $65,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

NYSE NVT traded up $0.51 during trading hours on Friday, reaching $65.34. The stock had a trading volume of 1,257,107 shares, compared to its average volume of 1,939,954. nVent Electric plc has a 52-week low of $41.71 and a 52-week high of $86.57. The stock has a fifty day moving average of $56.06 and a 200 day moving average of $64.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The stock has a market cap of $10.76 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $809.30 million during the quarter, compared to analysts' expectations of $790.74 million. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. Sell-side analysts predict that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, July 18th. nVent Electric's dividend payout ratio is currently 22.86%.

Analysts Set New Price Targets

NVT has been the topic of a number of recent analyst reports. Barclays upped their price target on nVent Electric from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Citigroup lowered their price target on nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a report on Monday, April 14th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada increased their price objective on shares of nVent Electric from $73.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, CL King upgraded shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, March 17th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $70.00.

Insider Buying and Selling

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $61.35, for a total value of $247,915.35. Following the completion of the transaction, the executive vice president now owns 32,665 shares in the company, valued at approximately $2,003,997.75. This represents a 11.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate 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.