Fifth Third Bancorp Acquires 731 Shares of nVent Electric PLC $NVT

Fifth Third Bancorp lifted its holdings in nVent Electric PLC (NYSE:NVT) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,542 shares of the company’s stock after acquiring an additional 731 shares during the period. Fifth Third Bancorp’s holdings in nVent Electric were worth $259,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of nVent Electric in the 1st quarter valued at about $25,000. Whipplewood Advisors LLC lifted its stake in nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Hughes Financial Services LLC bought a new stake in nVent Electric in the first quarter worth about $36,000. First Horizon Advisors Inc. lifted its stake in nVent Electric by 58.0% in the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in nVent Electric by 39.9% in the first quarter. Allworth Financial LP now owns 876 shares of the company’s stock worth $48,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Herbert K. Parker sold 20,597 shares of nVent Electric stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the sale, the director directly owned 15,070 shares in the company, valued at approximately $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares of the company’s stock, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,111 shares of company stock valued at $23,367,520. 2.50% of the stock is currently owned by company insiders.

nVent Electric Price Performance

NYSE NVT opened at $98.58 on Wednesday. The firm’s fifty day simple moving average is $90.55 and its two-hundred day simple moving average is $72.43. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $101.06. The firm has a market capitalization of $15.87 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.50 and a beta of 1.38.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s payout ratio is currently 22.79%.

Wall Street Analysts Forecast Growth

NVT has been the subject of several analyst reports. Roth Capital reissued a “buy” rating and issued a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Barclays reissued an “overweight” rating on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Citigroup raised their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $90.43.

About nVent Electric

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.