Jefferies Financial Group Inc. Sells 9,040 Shares of nVent Electric plc (NYSE:NVT)

Jefferies Financial Group Inc. lowered its holdings in nVent Electric plc (NYSE:NVT - Free Report) by 64.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NVT. Crews Bank & Trust purchased a new position in nVent Electric during the fourth quarter valued at approximately $26,000. Capital A Wealth Management LLC acquired a new stake in nVent Electric in the 4th quarter valued at approximately $27,000. Blue Trust Inc. raised its stake in nVent Electric by 243.5% during the 4th quarter. Blue Trust Inc. now owns 869 shares of the company's stock valued at $61,000 after purchasing an additional 616 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in nVent Electric in the 4th quarter valued at $65,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of nVent Electric in the 4th quarter worth approximately $65,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Trading Up 0.6%

NVT traded up $0.38 during mid-day trading on Wednesday, reaching $66.60. The stock had a trading volume of 319,854 shares, compared to its average volume of 1,937,080. The firm's fifty day simple moving average is $57.33 and its two-hundred day simple moving average is $63.93. The stock has a market capitalization of $10.96 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.48 and a beta of 1.24. nVent Electric plc has a 52 week low of $41.71 and a 52 week high of $82.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

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, topping analysts' consensus estimates of $0.66 by $0.01. The firm had revenue of $809.30 million during the quarter, compared to analyst estimates of $790.74 million. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. The company's revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. On average, equities analysts predict that nVent Electric plc will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. nVent Electric's dividend payout ratio is currently 22.86%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. KeyCorp lifted their price objective on nVent Electric from $60.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup reduced their target price on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seaport Res Ptn upgraded shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a report on Monday, March 17th. Finally, Royal Bank of Canada upped their price objective on shares of nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $70.00.

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.