Artisan Partners Limited Partnership Reduces Stock Position in nVent Electric PLC $NVT

Artisan Partners Limited Partnership cut its stake in nVent Electric PLC (NYSE:NVT) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 883,588 shares of the company’s stock after selling 3,072 shares during the quarter. Artisan Partners Limited Partnership owned about 0.55% of nVent Electric worth $64,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trust Co. of Vermont lifted its holdings in nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after purchasing an additional 159 shares in the last quarter. True Wealth Design LLC increased its position in shares of nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 409 shares during the period. SVB Wealth LLC bought a new stake in shares of nVent Electric during the first quarter valued at about $25,000. American National Bank & Trust purchased a new stake in shares of nVent Electric in the second quarter worth about $46,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of nVent Electric by 80.8% in the second quarter. SBI Securities Co. Ltd. now owns 651 shares of the company’s stock valued at $48,000 after acquiring an additional 291 shares during the period. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Down 4.2%

Shares of NVT opened at $101.34 on Friday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $101.98 and a two-hundred day simple moving average of $85.52. The firm has a market cap of $16.35 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.46 and a beta of 1.40.

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

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.8%. nVent Electric’s payout ratio is currently 22.04%.

Insiders Place Their Bets

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares in the company, valued at $7,520,170.40. This represents a 63.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 32,943 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 30,562 shares in the company, valued at $3,454,728.48. This trade represents a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 153,500 shares of company stock valued at $17,306,795 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NVT shares. Roth Capital reaffirmed a “buy” rating and set a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Citigroup boosted their price target on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. KeyCorp increased their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, UBS Group began coverage on nVent Electric in a research note on Thursday. They issued a “buy” rating and a $128.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $122.00.

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.