nVent Electric PLC (NYSE:NVT) CEO Beth Wozniak purchased 5,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $21.29 per share, for a total transaction of $106,450.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NVT opened at $20.84 on Thursday. The stock has a 50 day simple moving average of $23.85. The firm has a market cap of $3.57 billion, a PE ratio of 12.14 and a beta of 1.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.87 and a quick ratio of 1.25. nVent Electric PLC has a 12-month low of $19.71 and a 12-month high of $29.65.
nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $550.75 million. nVent Electric had a net margin of 11.43% and a return on equity of 11.69%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. On average, equities research analysts forecast that nVent Electric PLC will post 1.79 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Personal Wealth Partners acquired a new position in shares of nVent Electric in the 2nd quarter worth approximately $27,000. First Interstate Bank purchased a new position in shares of nVent Electric in the second quarter worth approximately $41,000. Truvestments Capital LLC purchased a new position in shares of nVent Electric in the first quarter worth approximately $57,000. HCR Wealth Advisors purchased a new position in shares of nVent Electric in the first quarter worth approximately $422,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of nVent Electric in the second quarter worth approximately $87,000. 88.99% of the stock is currently owned by institutional investors.
nVent Electric Company Profile
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.
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