Pacer Advisors Inc. Acquires 10,307 Shares of nVent Electric PLC $NVT

Pacer Advisors Inc. boosted its holdings in nVent Electric PLC (NYSE:NVT) by 51.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,535 shares of the company’s stock after purchasing an additional 10,307 shares during the quarter. Pacer Advisors Inc.’s holdings in nVent Electric were worth $3,012,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NVT. Charles Schwab Investment Management Inc. lifted its stake in nVent Electric by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,081,899 shares of the company’s stock worth $79,249,000 after purchasing an additional 30,267 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of nVent Electric by 3.9% in the second quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after purchasing an additional 4,427 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of nVent Electric by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock worth $13,880,000 after buying an additional 20,917 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in nVent Electric by 19.6% during the second quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock valued at $38,958,000 after buying an additional 87,102 shares during the last quarter. Finally, Strs Ohio bought a new position in nVent Electric during the first quarter valued at approximately $5,294,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NYSE:NVT opened at $103.06 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.27 and a beta of 1.32. The firm’s 50-day moving average is $105.40 and its 200 day moving average is $93.40.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. 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 year.

nVent Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, January 23rd. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio (DPR) is presently 23.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVT. The Goldman Sachs Group upped their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. KeyCorp upped their price target on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Roth Capital reissued a “buy” rating and issued a $130.00 price objective (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Royal Bank Of Canada upped their target price on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Finally, Barclays lifted their price target on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $123.25.

Insider Buying and Selling

In other nVent Electric news, CAO Randolph A. Wacker sold 5,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer owned 26,400 shares in the company, valued at $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the sale, the director owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. This trade represents a 28.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,228 shares of company stock worth $18,345,001 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.