nVent Electric PLC $NVT Shares Sold by Avalon Trust Co

Avalon Trust Co trimmed its position in nVent Electric PLC (NYSE:NVT) by 38.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,949 shares of the company’s stock after selling 53,450 shares during the period. Avalon Trust Co owned about 0.05% of nVent Electric worth $6,223,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of nVent Electric in the first quarter worth approximately $229,615,000. American Century Companies Inc. lifted its holdings in nVent Electric by 1,869.8% in the 1st 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 in the last quarter. William Blair Investment Management LLC lifted its holdings in nVent Electric by 29.5% in the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after purchasing an additional 709,464 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in nVent Electric during the 2nd quarter worth $48,443,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after buying an additional 585,449 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Citigroup boosted their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. KeyCorp upped their price target on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group lifted their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $121.14.

nVent Electric Stock Performance

NYSE:NVT opened at $111.39 on Thursday. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The company has a 50 day moving average price of $100.61 and a 200 day moving average price of $83.69. The stock has a market capitalization of $17.97 billion, a P/E ratio of 30.69, a PEG ratio of 1.48 and a beta of 1.40.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s payout ratio is currently 22.04%.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 32,943 shares of nVent Electric stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total value of $3,723,876.72. Following the completion of the transaction, the executive vice president owned 30,562 shares in the company, valued at approximately $3,454,728.48. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the sale, the insider owned 66,680 shares in the company, valued at approximately $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,831 shares of company stock valued at $21,083,144 over the last three months. 1.80% of the stock is currently owned by company insiders.

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.