nVent Electric PLC $NVT Stock Holdings Increased by HB Wealth Management LLC

HB Wealth Management LLC boosted its position in nVent Electric PLC (NYSE:NVT) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,002 shares of the company’s stock after buying an additional 203 shares during the quarter. HB Wealth Management LLC’s holdings in nVent Electric were worth $733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of nVent Electric in the 1st quarter valued at approximately $229,615,000. American Century Companies Inc. increased its stake in nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Champlain Investment Partners LLC increased its stake in nVent Electric by 40.1% during the first quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company’s stock valued at $93,470,000 after purchasing an additional 510,535 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in nVent Electric by 45.6% during the first quarter. Ameriprise Financial Inc. now owns 1,440,890 shares of the company’s stock valued at $75,531,000 after purchasing an additional 451,561 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays upped their target price on nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group upped their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $95.43.

Insider Buying and Selling at nVent Electric

In other news, EVP Jon D. Lammers sold 119,694 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 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. Over the last three months, insiders have sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Trading Down 1.5%

nVent Electric stock opened at $97.89 on Friday. The firm has a 50 day simple moving average of $91.85 and a 200-day simple moving average of $73.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The stock has a market capitalization of $15.76 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $101.76.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) 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 firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. As a group, equities research analysts expect that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

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

nVent Electric 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.