Farther Finance Advisors LLC Raises Stock Holdings in nVent Electric PLC $NVT

Farther Finance Advisors LLC lifted its holdings in shares of nVent Electric PLC (NYSE:NVT) by 65.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,302 shares of the company’s stock after purchasing an additional 1,306 shares during the quarter. Farther Finance Advisors LLC’s holdings in nVent Electric were worth $242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nuveen LLC purchased a new position in shares of nVent Electric during the first quarter worth about $229,615,000. Clean Energy Transition LLP grew its holdings in shares of nVent Electric by 6.8% during the first quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company’s stock worth $118,473,000 after purchasing an additional 144,403 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the first 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. Dimensional Fund Advisors LP grew its holdings in shares of nVent Electric by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company’s stock worth $110,885,000 after purchasing an additional 422,640 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in shares of nVent Electric by 40.1% during the first quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company’s stock worth $93,470,000 after purchasing an additional 510,535 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In related news, insider Sara E. Zawoyski sold 22,109 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares of the company’s stock, valued at $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Randolph A. Wacker sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer directly owned 27,525 shares of the company’s stock, valued at $2,452,202.25. The trade was a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock valued at $23,367,520 over the last three months. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVT shares. Royal Bank Of Canada reissued an “outperform” rating and set a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Roth Capital reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $90.43.

nVent Electric Stock Performance

NYSE:NVT opened at $98.58 on Wednesday. The firm has a market cap of $15.87 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $101.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The business has a 50 day moving average price of $90.55 and a 200-day moving average price of $72.43.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Equities research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is presently 22.79%.

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.