SG Americas Securities LLC Has $1.05 Million Stake in nVent Electric plc (NYSE:NVT)

SG Americas Securities LLC reduced its position in nVent Electric plc (NYSE:NVT - Free Report) by 43.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,802 shares of the company's stock after selling 13,856 shares during the quarter. SG Americas Securities LLC's holdings in nVent Electric were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. raised its position in nVent Electric by 73.9% during the 3rd quarter. Citigroup Inc. now owns 71,372 shares of the company's stock valued at $3,782,000 after purchasing an additional 30,325 shares during the last quarter. Mariner LLC raised its position in nVent Electric by 10.1% during the 3rd quarter. Mariner LLC now owns 24,649 shares of the company's stock valued at $1,306,000 after purchasing an additional 2,263 shares during the last quarter. LPL Financial LLC raised its position in nVent Electric by 2.0% during the 3rd quarter. LPL Financial LLC now owns 172,171 shares of the company's stock valued at $9,123,000 after purchasing an additional 3,418 shares during the last quarter. Ameriprise Financial Inc. raised its position in nVent Electric by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,006,320 shares of the company's stock valued at $53,325,000 after purchasing an additional 91,709 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in nVent Electric by 150.4% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 55,153 shares of the company's stock valued at $2,923,000 after purchasing an additional 33,127 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at nVent Electric

In other news, insider Michael B. Faulconer sold 10,961 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $67.33, for a total value of $738,004.13. Following the transaction, the insider now directly owns 33,109 shares in the company, valued at approximately $2,229,228.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Randall J. Hogan sold 184,572 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $64.03, for a total value of $11,818,145.16. Following the transaction, the director now directly owns 8,277 shares of the company's stock, valued at approximately $529,976.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael B. Faulconer sold 10,961 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $67.33, for a total value of $738,004.13. Following the completion of the transaction, the insider now directly owns 33,109 shares in the company, valued at $2,229,228.97. The disclosure for this sale can be found here. Insiders have sold a total of 400,252 shares of company stock worth $25,713,777 in the last ninety days. Insiders own 2.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on nVent Electric from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. The Goldman Sachs Group increased their target price on nVent Electric from $69.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft started coverage on nVent Electric in a research report on Monday, March 11th. They issued a "buy" rating and a $83.00 target price for the company. Finally, Citigroup increased their target price on nVent Electric from $59.00 to $64.00 and gave the stock a "buy" rating in a research report on Monday, December 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, nVent Electric has a consensus rating of "Moderate Buy" and an average target price of $72.20.

nVent Electric Stock Down 0.0 %

NVT traded down $0.01 during trading on Friday, hitting $75.40. 1,666,112 shares of the company's stock traded hands, compared to its average volume of 1,300,956. The company's 50 day simple moving average is $66.40 and its two-hundred day simple moving average is $58.28. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. nVent Electric plc has a 12-month low of $40.19 and a 12-month high of $76.29. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.61 and a beta of 1.34.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $861.20 million for the quarter, compared to the consensus estimate of $866.90 million. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. The company's revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Analysts predict that nVent Electric plc will post 3.24 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.19 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. nVent Electric's dividend payout ratio (DPR) is currently 22.55%.

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.