Banque Cantonale Vaudoise Has $49,000 Position in nVent Electric plc (NYSE:NVT)

Banque Cantonale Vaudoise boosted its holdings in nVent Electric plc (NYSE:NVT) by 87.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 642 shares of the company’s stock after buying an additional 299 shares during the period. Banque Cantonale Vaudoise’s holdings in nVent Electric were worth $49,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Boston Partners lifted its holdings in nVent Electric by 3.2% in the first quarter. Boston Partners now owns 3,325,834 shares of the company’s stock valued at $250,770,000 after buying an additional 102,643 shares during the period. Clean Energy Transition LLP increased its stake in nVent Electric by 1.6% in the fourth quarter. Clean Energy Transition LLP now owns 2,540,545 shares of the company’s stock valued at $150,121,000 after purchasing an additional 39,169 shares in the last quarter. Congress Asset Management Co. MA increased its stake in nVent Electric by 1.2% in the first quarter. Congress Asset Management Co. MA now owns 2,219,332 shares of the company’s stock valued at $167,338,000 after purchasing an additional 26,897 shares in the last quarter. Norges Bank bought a new stake in nVent Electric in the fourth quarter valued at approximately $109,630,000. Finally, Fiduciary Management Inc. WI increased its stake in nVent Electric by 1.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,772,270 shares of the company’s stock valued at $104,723,000 after purchasing an additional 31,621 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NVT shares. Barclays upped their target price on shares of nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, June 4th. Royal Bank of Canada lowered their target price on shares of nVent Electric from $88.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and a consensus price target of $87.80.

Insider Transactions at nVent Electric

In related news, Director Herbert K. Parker acquired 7,566 shares of the stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, the director now directly owns 34,524 shares of the company’s stock, valued at $2,268,572.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other nVent Electric news, Director Herbert K. Parker bought 7,566 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, the director now owns 34,524 shares in the company, valued at $2,268,572.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lynnette R. Heath sold 8,242 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total transaction of $496,662.92. Following the completion of the transaction, the executive vice president now directly owns 30,432 shares of the company’s stock, valued at approximately $1,833,832.32. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

nVent Electric Stock Down 6.7 %

Shares of NVT stock opened at $63.39 on Wednesday. The firm has a fifty day moving average of $70.46 and a 200-day moving average of $73.51. The company has a quick ratio of 1.49, a current ratio of 2.17 and a debt-to-equity ratio of 0.53. nVent Electric plc has a 12-month low of $45.60 and a 12-month high of $86.57. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.30 and a beta of 1.31.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). nVent Electric had a return on equity of 17.21% and a net margin of 16.59%. The company had revenue of $880.30 million for the quarter, compared to the consensus estimate of $892.89 million. During the same period in the prior year, the company earned $0.77 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that nVent Electric plc will post 3.26 earnings per share for the current fiscal year.

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.