Hantz Financial Services Inc. Purchases 716 Shares of nVent Electric plc (NYSE:NVT)

Hantz Financial Services Inc. raised its position in shares of nVent Electric plc (NYSE:NVT) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,276 shares of the company’s stock after acquiring an additional 716 shares during the period. Hantz Financial Services Inc. owned approximately 0.10% of nVent Electric worth $11,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nilsine Partners LLC boosted its stake in nVent Electric by 9.9% during the 4th quarter. Nilsine Partners LLC now owns 4,649 shares of the company’s stock valued at $317,000 after purchasing an additional 420 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of nVent Electric by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 55,790 shares of the company’s stock worth $3,803,000 after buying an additional 6,175 shares during the last quarter. KBC Group NV boosted its position in shares of nVent Electric by 17.5% in the fourth quarter. KBC Group NV now owns 148,870 shares of the company’s stock valued at $10,147,000 after acquiring an additional 22,146 shares during the period. Blue Trust Inc. grew its stake in shares of nVent Electric by 243.5% in the fourth quarter. Blue Trust Inc. now owns 869 shares of the company’s stock worth $61,000 after acquiring an additional 616 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in nVent Electric by 16.0% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,434 shares of the company’s stock worth $302,000 after acquiring an additional 612 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at nVent Electric

In related news, CAO Randolph A. Wacker sold 8,022 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $75.87, for a total transaction of $608,629.14. Following the completion of the sale, the chief accounting officer now directly owns 25,993 shares of the company’s stock, valued at $1,972,088.91. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jon D. Lammers sold 67,297 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.07, for a total value of $5,119,282.79. Following the completion of the transaction, the executive vice president now directly owns 58,121 shares in the company, valued at approximately $4,421,264.47. This represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,382 shares of company stock valued at $7,365,956 in the last ninety days. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

NVT has been the topic of several research analyst reports. KeyCorp raised their price target on shares of nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their target price on nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Citigroup cut their price target on nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Barclays lifted their price objective on nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $86.17.

nVent Electric Stock Down 0.3 %

NYSE NVT opened at $63.05 on Wednesday. nVent Electric plc has a 1-year low of $56.44 and a 1-year high of $86.57. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 3.49 and a beta of 1.27. The stock’s 50 day moving average is $72.67 and its two-hundred day moving average is $70.88. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The company had revenue of $782.00 million during the quarter, compared to analyst estimates of $937.37 million. During the same period in the prior year, the firm earned $0.84 EPS. nVent Electric’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that nVent Electric plc will post 2.49 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. nVent Electric’s dividend payout ratio (DPR) is 23.46%.

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.