nVent Electric PLC (NYSE:NVT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 48.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,996 shares of the company's stock after selling 26,794 shares during the quarter. Pacer Advisors Inc.'s holdings in nVent Electric were worth $1,520,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVT. Quadrant Capital Group LLC raised its stake in nVent Electric by 4.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock valued at $259,000 after purchasing an additional 150 shares during the last quarter. Utah Retirement Systems raised its stake in nVent Electric by 2.3% in the 4th quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock valued at $608,000 after purchasing an additional 200 shares during the last quarter. Hancock Whitney Corp grew its holdings in nVent Electric by 1.4% in the 4th quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock valued at $1,025,000 after buying an additional 206 shares in the last quarter. Portside Wealth Group LLC grew its holdings in nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after buying an additional 219 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in nVent Electric by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after buying an additional 230 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Trading Up 14.4%

NVT traded up $11.27 during mid-day trading on Friday, hitting $89.69. 6,166,288 shares of the stock were exchanged, compared to its average volume of 1,978,902. The firm's fifty day moving average is $72.01 and its two-hundred day moving average is $64.00. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $89.91. The company has a current ratio of 2.87, a quick ratio of 2.42 and a debt-to-equity ratio of 0.48. The company has a market cap of $14.77 billion, a PE ratio of 26.86, a PEG ratio of 1.55 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.54% and a net margin of 18.22%. The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. Equities analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Saturday, January 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. nVent Electric's dividend payout ratio (DPR) is currently 22.86%.

Analyst Upgrades and Downgrades

NVT has been the subject of several analyst reports. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Citigroup increased their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their price target on nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. KeyCorp increased 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. Finally, Roth Capital initiated coverage on nVent Electric in a report on Wednesday, July 23rd. They set a "buy" rating and a $89.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $81.57.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $61.35, for a total value 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 trade represents a 11.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by corporate insiders.

nVent Electric 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.