nVent Electric PLC $NVT Stock Holdings Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of nVent Electric PLC (NYSE:NVT) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 926,168 shares of the company’s stock after selling 70,500 shares during the quarter. Impax Asset Management Group plc owned 0.58% of nVent Electric worth $67,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of nVent Electric during the first quarter valued at $25,000. Trust Co. of Vermont lifted its stake in nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 159 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after buying an additional 409 shares during the period. American National Bank & Trust acquired a new stake in shares of nVent Electric in the second quarter worth $46,000. Finally, Allworth Financial LP grew its position in nVent Electric by 39.9% during the first quarter. Allworth Financial LP now owns 876 shares of the company’s stock valued at $48,000 after purchasing an additional 250 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Stock Up 1.6%

NYSE NVT opened at $111.39 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a 50-day simple moving average of $100.61 and a 200 day simple moving average of $83.69. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The stock has a market cap of $17.97 billion, a PE ratio of 30.69, a PEG ratio of 1.48 and a beta of 1.40.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the transaction, the insider owned 66,680 shares in the company, valued at $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 195,831 shares of company stock worth $21,083,144. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVT has been the subject of several research reports. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Barclays reiterated an “overweight” rating and issued a $130.00 target price on shares of nVent Electric in a research note on Monday, November 3rd. Royal Bank Of Canada increased their price target on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citigroup lifted their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, KeyCorp boosted their price target on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, nVent Electric currently has an average rating of “Buy” and an average target price of $121.14.

nVent Electric Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.