Randall Hogan, a director at nVent Electric PLC (NVT, Financial), executed a sale of 184,572 shares in the company on February 9, 2024, according to a recent SEC Filing. nVent Electric PLC is a global leader in electrical connection and protection solutions, providing products and services that connect and protect some of the world's most sensitive equipment, buildings, and critical processes. The company offers enclosures, electric heat-tracing solutions, complete heat management systems, and electrical and fastening solutions.
Over the past year, the insider has sold a total of 184,572 shares and has not made any purchases of the company's stock.
The insider transaction history for nVent Electric PLC indicates a pattern of insider activity. In the past year, there has been a total of 1 insider buy and 13 insider sells.
On the date of the insider's recent transaction, shares of nVent Electric PLC were trading at $64.03, giving the company a market capitalization of $10.583 billion.
The stock's price-earnings ratio stands at 18.93, which is below the industry median of 20.54 and also below the company's historical median price-earnings ratio.
With the current share price of $64.03 and a GuruFocus Value of $49.72, nVent Electric PLC has a price-to-GF-Value ratio of 1.29, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
