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Congress Wealth Management LLC DE acquired 212,983 shares of nVent Electric (NYSE:NVT) in the 3rd quarter, valued at $11,286,000. Other firms increasing stake include Cetera Advisors LLC, Inspire Investing LLC, Coldstream Capital Management Inc., NewEdge Advisors LLC, and Cambridge Investment Research Advisors Inc. Wall Street Analysts’ ratings and price targets on NVT stock were also provided.

Insider Michael B. Faulconer recently sold 2,080 shares of nVent Electric stock at an average price of $53.07, totaling $110,385.60. Following the sale, Faulconer owns 27,613 shares valued at $1,465,421.91. Regarding price performance, NVT stock traded at $56.26 on Friday. nVent Electric reported a 15.3% increase in revenue and $0.84 earnings per share for the quarter, up from $0.66 EPS the year prior.

nVent Electric announced a 1.35% annualized dividend and a $0.19 quarterly dividend to be paid on February 2nd. This is an increase from the previous $0.18 dividend. With a dividend payout ratio of 27.14%, nVent Electric posted increased revenue of $859.00 million for the quarter. The company projects 3.03 EPS for the current year.

nVent Electric plc specializes in designing, manufacturing, and installing electrical connection and protection products worldwide. Operating through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management, the company serves a variety of industries including industrial, infrastructure, commercial, and energy verticals. Hedge fund activity, and holdings and trades were also disclosed for those investors wanting more information.



Read more: Congress Wealth Management LLC DE Purchases Shares of 212,983 nVent Electric plc (NYSE:NVT)