Massachusetts Financial Services Co. MA Reduces Stake in nVent Electric PLC $NVT

Massachusetts Financial Services Co. MA lessened its holdings in nVent Electric PLC (NYSE:NVT) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,989,635 shares of the company’s stock after selling 205,908 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.86% of nVent Electric worth $294,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Trust Asset Management LLC acquired a new stake in shares of nVent Electric in the third quarter worth $30,000. Trust Co. of Vermont boosted its holdings in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares during the last quarter. True Wealth Design LLC boosted its holdings in nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Manchester Capital Management LLC grew its position in nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 434 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction that occurred 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 directly owned 14,348 shares of the company’s stock, valued at $1,492,765.92. The trade was a 28.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the sale, the chief executive officer owned 47,984 shares of the company’s stock, valued at $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 163,228 shares of company stock worth $18,345,001 in the last quarter. 1.80% of the stock is owned by insiders.

nVent Electric Trading Up 4.3%

Shares of NYSE:NVT opened at $112.58 on Monday. The business’s 50 day moving average price is $105.25 and its 200-day moving average price is $96.55. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 1.20 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company 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 firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. 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. On average, equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is 22.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on NVT shares. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a research note on Monday, December 29th. Barclays upped their price objective on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Roth Capital reaffirmed a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Citigroup increased their price target on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, UBS Group began coverage on shares of nVent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $128.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $123.63.

nVent Electric Profile

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.