VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in nVent Electric PLC $NVT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of nVent Electric PLC (NYSE:NVT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,400 shares of the company’s stock, valued at approximately $469,000.

Several other large investors have also recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in nVent Electric during the first quarter valued at about $25,000. Trust Co. of Vermont grew its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares during the last quarter. Hughes Financial Services LLC purchased a new position in nVent Electric in the first quarter valued at about $36,000. First Horizon Advisors Inc. grew 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 valued at $43,000 after purchasing an additional 300 shares during the last quarter. Finally, American National Bank & Trust purchased a new position in nVent Electric in the second quarter valued at about $46,000. 90.05% of the stock is owned by institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 3,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total transaction of $267,270.00. Following the sale, the chief accounting officer directly owned 27,525 shares of the company’s stock, valued at approximately $2,452,202.25. This trade represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. This trade represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock worth $23,367,520 in the last three months. Company insiders own 1.80% of the company’s stock.

nVent Electric Price Performance

Shares of NVT opened at $102.39 on Friday. The business’s 50-day moving average is $95.53 and its two-hundred day moving average is $78.19. The company has a market capitalization of $16.48 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $104.30.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $963.10 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $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. Research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be given 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 dividend payout ratio (DPR) is currently 22.79%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVT. KeyCorp lifted their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Citigroup reiterated a “buy” rating on shares of nVent Electric in a report on Thursday, October 9th. Roth Capital reiterated a “buy” rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of nVent Electric in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $99.71.

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.