Thrivent Financial for Lutherans Raises Stock Position in nVent Electric PLC $NVT

Thrivent Financial for Lutherans grew its holdings in nVent Electric PLC (NYSE:NVT) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,274 shares of the company’s stock after purchasing an additional 5,442 shares during the quarter. Thrivent Financial for Lutherans’ holdings in nVent Electric were worth $25,364,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in nVent Electric during the 2nd quarter worth approximately $234,290,000. Massachusetts Financial Services Co. MA increased its position in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after acquiring an additional 1,896,749 shares during the period. William Blair Investment Management LLC raised its stake in shares of nVent Electric by 29.5% in the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after acquiring an additional 709,464 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in nVent Electric by 26.8% in the second quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock valued at $165,563,000 after purchasing an additional 477,135 shares during the period. Finally, Fiduciary Management Inc. WI grew its stake in nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after purchasing an additional 585,449 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Performance

Shares of NVT opened at $102.66 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $117.52. The stock has a 50 day moving average price of $104.73 and a 200 day moving average price of $90.71. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.32.

nVent Electric (NYSE:NVT) last issued its 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. Research analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. nVent Electric’s dividend payout ratio is 22.04%.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 8th. Barclays raised their target price on shares of nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. KeyCorp raised their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $123.25.

Insider Buying and Selling at nVent Electric

In other news, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the sale, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 163,228 shares of company stock valued at $18,345,001. 2.50% of the stock is owned by insiders.

nVent Electric Company 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.