nVent Electric PLC $NVT Shares Newly Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of nVent Electric PLC (NYSE:NVT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 236,860 shares of the company’s stock, valued at approximately $37,985,000. Jefferies Financial Group Inc. owned 0.15% of nVent Electric at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new position in shares of nVent Electric in the third quarter worth about $28,000. Provenance Wealth Advisors LLC acquired a new stake in nVent Electric in the 3rd quarter valued at approximately $36,000. Elevation Wealth Partners LLC grew its holdings in nVent Electric by 554.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock valued at $37,000 after buying an additional 183 shares during the last quarter. MCF Advisors LLC grew its holdings in nVent Electric by 236.1% in the 2nd quarter. MCF Advisors LLC now owns 242 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the last quarter. Finally, Financial Consulate Inc. increased its position in nVent Electric by 1,431.2% in the 2nd quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock worth $42,000 after buying an additional 229 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Herbert Parker bought 3,000 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of $113.14 per share, with a total value of $339,420.00. Following the completion of the purchase, the director directly owned 19,853 shares in the company, valued at $2,246,168.42. The trade was a 17.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

nVent Electric Stock Up 3.7%

Shares of NVT stock opened at $116.61 on Thursday. nVent Electric PLC has a one year low of $93.22 and a one year high of $184.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.40 and a quick ratio of 1.93. The stock has a fifty day moving average price of $146.83 and a 200 day moving average price of $144.54. The stock has a market cap of $18.84 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, October 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.12. nVent Electric had a net margin of 12.84% and a return on equity of 20.82%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 43.7% on a year-over-year basis. Analysts predict that nVent Electric PLC will post 5.36 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 6th. Stockholders of record on Friday, October 23rd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 23rd. nVent Electric’s payout ratio is 20.24%.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVT shares. Royal Bank Of Canada upped their price target on nVent Electric from $200.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Seaport Research Partners reissued a “neutral” rating and issued a $225.00 price objective on shares of nVent Electric in a research report on Monday, October 12th. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price objective on shares of nVent Electric in a research note on Saturday, August 1st. Robert W. Baird boosted their target price on shares of nVent Electric from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their target price on shares of nVent Electric from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $197.12.

nVent Electric Company Profile

nVent Electric plc designs and manufactures products and solutions that protect and connect electrical systems. Its offerings include electrical enclosures, cable management and fastening products, grounding and bonding solutions, and systems for managing heat in electrical and industrial applications. The company serves customers across industries such as data centers, energy, infrastructure, commercial construction and manufacturing. Its products are marketed under brands including Hoffman, ERICO, CADDY, Raychem and Schroff, and it serves customers in markets around the world. nVent became an independent, publicly traded company in 2018 after its separation from Pentair.