Hantz Financial Services Inc. Lowers Holdings in nVent Electric PLC $NVT

Hantz Financial Services Inc. trimmed its position in nVent Electric PLC (NYSE:NVT) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,725 shares of the company’s stock after selling 18,771 shares during the quarter. Hantz Financial Services Inc. owned about 0.07% of nVent Electric worth $11,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of NVT. Global Trust Asset Management LLC purchased a new stake in nVent Electric in the third quarter worth $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric in the third quarter valued at approximately $31,000. True Wealth Design LLC grew its position in nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Manchester Capital Management LLC lifted its stake in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Finally, Headlands Technologies LLC grew its holdings in nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 434 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Beth Wozniak sold 4,137 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $110.35, for a total transaction of $456,517.95. Following the completion of the sale, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the transaction, the chief accounting officer owned 26,400 shares in the company, valued at $2,906,112. The trade was a 15.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,728 shares of company stock valued at $1,588,606. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVT. KeyCorp increased their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. UBS Group assumed coverage on shares of nVent Electric in a research note on Thursday, November 20th. They set a “buy” rating and a $128.00 target price for the company. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $123.63.

nVent Electric Price Performance

NVT stock opened at $119.33 on Wednesday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $120.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $19.25 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The business has a 50 day simple moving average of $106.97 and a 200-day simple moving average of $99.78.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s payout ratio is presently 23.14%.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.