nVent Electric PLC (NVT) Director Randall J. Hogan Sells 21,082 Shares

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nVent Electric PLC (NYSE:NVT) Director Randall J. Hogan sold 21,082 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $25.35, for a total transaction of $534,428.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NVT stock opened at $26.02 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.34. nVent Electric PLC has a 1 year low of $21.00 and a 1 year high of $29.84.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The firm had revenue of $563.90 million for the quarter, compared to the consensus estimate of $558.40 million. As a group, equities analysts expect that nVent Electric PLC will post 1.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Friday, October 19th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.69%.

Several institutional investors and hedge funds have recently bought and sold shares of NVT. Farmers & Merchants Investments Inc. acquired a new stake in shares of nVent Electric in the 3rd quarter worth about $100,000. Stratos Wealth Partners LTD. acquired a new stake in shares of nVent Electric in the 3rd quarter worth about $102,000. First Bank & Trust acquired a new stake in shares of nVent Electric in the 2nd quarter worth about $105,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of nVent Electric in the 2nd quarter worth about $113,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of nVent Electric in the 3rd quarter worth about $114,000. Institutional investors own 81.17% of the company’s stock.

A number of research firms have recently issued reports on NVT. Zacks Investment Research cut shares of nVent Electric from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays reissued a “hold” rating and set a $25.00 price objective on shares of nVent Electric in a research report on Friday, July 27th. Finally, Goldman Sachs Group raised shares of nVent Electric from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $31.00 to $30.00 in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.60.

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nVent Electric Company Profile

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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