nVent Electric PLC $NVT Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,476 shares of the company’s stock after selling 825 shares during the quarter. State of Alaska Department of Revenue’s holdings in nVent Electric were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC bought a new position in nVent Electric in the 1st quarter worth approximately $25,000. American National Bank & Trust bought a new position in nVent Electric in the 2nd quarter worth approximately $46,000. Hughes Financial Services LLC bought a new position in nVent Electric in the 1st quarter worth approximately $36,000. First Horizon Advisors Inc. grew its holdings in nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after buying an additional 300 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in nVent Electric by 39.9% in the 1st quarter. Allworth Financial LP now owns 876 shares of the company’s stock worth $48,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. KeyCorp raised their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Barclays raised their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of nVent Electric in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, nVent Electric currently has an average rating of “Buy” and an average target price of $95.43.

Insider Transactions at nVent Electric

In related news, Director Herbert K. Parker sold 20,597 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director owned 15,070 shares of the company’s stock, valued at approximately $1,354,491.60. This trade represents a 57.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 12,063 shares of the company’s stock, valued at $1,085,670. This represents a 67.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is currently owned by insiders.

nVent Electric Trading Down 1.5%

nVent Electric stock opened at $97.89 on Friday. 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 firm has a market cap of $15.76 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $101.76. The firm’s 50 day moving average price is $91.85 and its two-hundred day moving average price is $73.32.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue 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. On average, research analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently disclosed 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 currently 22.79%.

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.