Selling Buzz: nVent Electric plc [NVT] EVP & Chief Financial Officer Zawoyski Sara E sells 3,591 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. nVent Electric plc shares valued at $132,438 were sold by Zawoyski Sara E on Aug 16. At $36.88 per share, Zawoyski Sara E sold 3,591 shares. The insider’s holdings dropped to 43,927 shares worth approximately $1.42 million following the completion of this transaction.

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Also, Faulconer Michael B sold 1,590 shares, netting a total of over 56,779 in proceeds. Following the sale of shares at $35.71 each, the insider now holds 19,106 shares.

Before that, Wacker Randolph A. had sold 2,784 shares from its account. In a trade valued at $99,419, the SVP & Chief Accounting Officer traded nVent Electric plc shares for $35.71 each. Upon closing the transaction, the insider’s holdings decreased to 2,784 shares, worth approximately $0.44 million.

As published in a research note from Vertical Research on January 03, 2022, nVent Electric plc [NVT] has been rated up from a Hold to a Buy and the price target has been revised to $45. This represents a 28.38% premium over Wednesday’s closing price. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of September 15, 2020, Wolfe Research has initiated its “Peer perform” rating for NVT. Earlier on February 18, 2020, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for NVT stock which previously was a “a Sector perform”.

Analyzing NVT’s Price Performance

On Wednesday, nVent Electric plc [NYSE: NVT] plunged -2.30% to $32.23. The stock’s lowest price that day was $32.21, but it reached a high of $33.41 in the same session. During the last five days, there has been a drop of approximately -4.33%. Over the course of the year, nVent Electric plc shares have dropped approximately -15.18%. Shares of the company reached a 52-week high of $39.53 on 01/07/22 and a 52-week low of $29.19 on 07/14/22. A 50-day SMA is recorded $34.01, while a 200-day SMA reached $34.54. Nevertheless, trading volume fell to 1.05 million shares from 0.67 million shares the previous day.

Support And Resistance Levels for nVent Electric plc (NVT)

According to the 24-hour chart, there is a support level at 31.82, which, if violated, would cause prices to drop to 31.42. In the upper region, resistance lies at 33.02. The next price resistance is at 33.82. RSI (Relative Strength Index) is 38.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 96.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is nVent Electric plc subject to short interest?

Stocks of nVent Electric plc saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.29 million shares to 2.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.34 million shares. A decline of -14.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) decline to 2.53.

Which companies own the most shares of nVent Electric plc (NVT)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,433,066 shares, which is about 10.47% of the total NVT shares outstanding. The investor’s shares have plunged by -152,733 from its previous 13-F filing of 17585799.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $417,332,862. American Century Investment Manag acquire a 15.58% interest valued at $360.24 million while Neuberger Berman Investment Advis purchased a 302,253 stake. A total of -37,199 shares of nVent Electric plc were bought by Franklin Advisers, Inc. during the quarter, and -39,490 were sold by SSgA Funds Management, Inc. In its current portfolio, Ariel Investments LLC holds 4,207,676 shares valued at $138.69 million.

In terms of nVent Electric plc share price expectations, FactSet research, analysts set an average price target of $40.83 in the next 12 months, up nearly 21.25% from the previous closing price of $32.99. Analysts anticipate nVent Electric plc stock to reach $47.00 by 2022, with the lowest price target being $39.00. In spite of this, 7 analysts ranked nVent Electric plc stock as a Buy at the end of 2022. On February 06, 2020, Barclays assigned a price target of “an Overweight” to the stock and upgraded coverage with a $32.


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