Tema Etfs LLC Raises Stake in nVent Electric PLC $NVT

Tema Etfs LLC boosted its stake in nVent Electric PLC (NYSE:NVT) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,947 shares of the company’s stock after purchasing an additional 6,290 shares during the quarter. Tema Etfs LLC’s holdings in nVent Electric were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont lifted its holdings in shares of nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after buying an additional 159 shares in the last quarter. True Wealth Design LLC increased its holdings in nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Manchester Capital Management LLC lifted its stake in nVent Electric by 222.2% in 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 in the last quarter. Headlands Technologies LLC boosted its holdings in nVent Electric by 522.9% in the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 434 shares during the period. Finally, American National Bank & Trust bought a new position in nVent Electric in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other nVent Electric news, Director Greg Scheu sold 5,591 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $104.04, for a total transaction of $581,687.64. Following the completion of the sale, the director owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This represents a 28.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $110.35, for a total transaction of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. This trade represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,228 shares of company stock worth $18,345,001 over the last 90 days. Insiders own 1.80% of the company’s stock.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $105.39 on Monday. The stock’s 50-day moving average is $105.59 and its 200 day moving average is $95.34. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.07 and a beta of 1.34. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $117.52. 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 (NYSE:NVT) last issued its earnings results 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. The business had revenue of $1.05 billion during 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%.nVent Electric’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s payout ratio is 23.14%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVT. Citigroup increased their price objective on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group raised their price target on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and a consensus price target of $123.25.

nVent Electric Company 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.