Crawford Investment Counsel Inc. cut its holdings in nVent Electric plc (NYSE:NVT – Get Rating) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 669,140 shares of the company's stock after selling 224,396 shares during the period. Crawford Investment Counsel Inc.'s holdings in nVent Electric were worth $23,273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NVT. First Republic Investment Management Inc. grew its holdings in shares of nVent Electric by 8.2% in the fourth quarter. First Republic Investment Management Inc. now owns 25,159 shares of the company's stock valued at $956,000 after acquiring an additional 1,912 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of nVent Electric by 37.8% in the fourth quarter. Lazard Asset Management LLC now owns 3,900 shares of the company's stock valued at $148,000 after acquiring an additional 1,070 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in nVent Electric during the fourth quarter valued at $319,000. BNP Paribas Arbitrage SA increased its position in nVent Electric by 514.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 144,717 shares of the company's stock worth $5,499,000 after buying an additional 121,181 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of nVent Electric in the fourth quarter valued at $465,000. 88.28% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Michael B. Faulconer sold 1,590 shares of the company's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $35.71, for a total transaction of $56,778.90. Following the sale, the insider now directly owns 19,106 shares in the company, valued at $682,275.26. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Randolph A. Wacker sold 2,784 shares of the business's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the transaction, the chief accounting officer now owns 13,531 shares of the company's stock, valued at $483,192.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael B. Faulconer sold 1,590 shares of the business's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $35.71, for a total value of $56,778.90. Following the transaction, the insider now directly owns 19,106 shares of the company's stock, valued at approximately $682,275.26. The disclosure for this sale can be found here. Insiders have sold a total of 7,965 shares of company stock worth $288,632 over the last ninety days. Company insiders own 2.00% of the company's stock.

nVent Electric Trading Up 2.3 %

nVent Electric (NYSE:NVT – Get Rating) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. nVent Electric had a return on equity of 14.02% and a net margin of 10.57%. The firm had revenue of $728.00 million for the quarter, compared to analysts' expectations of $687.72 million. During the same period in the prior year, the business posted $0.50 earnings per share. The company's revenue was up 21.1% on a year-over-year basis. As a group, research analysts anticipate that nVent Electric plc will post 2.22 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on NVT. Barclays increased their price target on nVent Electric from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 1st. The Goldman Sachs Group lowered their price objective on nVent Electric from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Finally, Royal Bank of Canada boosted their price objective on nVent Electric from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday, August 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $41.80.

nVent Electric Profile

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nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals.

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