Janney Montgomery Scott LLC Sells 993 Shares of nVent Electric PLC $NVT

Janney Montgomery Scott LLC reduced its stake in nVent Electric PLC (NYSE:NVT) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,259 shares of the company’s stock after selling 993 shares during the quarter. Janney Montgomery Scott LLC’s holdings in nVent Electric were worth $1,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVT. SVB Wealth LLC bought a new position in shares of nVent Electric in the first quarter worth about $25,000. Hughes Financial Services LLC acquired a new stake in nVent Electric in the 1st quarter valued at 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 valued at $43,000 after buying an additional 300 shares during the last quarter. American National Bank & Trust bought a new position in nVent Electric in the 2nd quarter worth approximately $46,000. Finally, Allworth Financial LP lifted its holdings in shares of nVent Electric by 39.9% during the first quarter. Allworth Financial LP now owns 876 shares of the company’s stock worth $48,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In related news, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the sale, the chief executive officer directly owned 49,196 shares of the company’s stock, valued at $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the transaction, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Stock Performance

NYSE:NVT opened at $95.95 on Friday. The stock has a market capitalization of $15.44 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. 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 1 year low of $41.71 and a 1 year high of $101.76. The firm has a 50 day moving average of $93.47 and a 200-day moving average of $74.58.

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, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million during the quarter, compared to analysts’ expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, sell-side analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be issued a dividend of $0.20 per share. 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 Analyst Weigh In

Several analysts have issued reports on NVT shares. The Goldman Sachs Group raised their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Roth Capital reiterated 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. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Barclays upped their price target on nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $95.43.

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.