Charles Schwab Investment Management Inc. Increases Holdings in nVent Electric PLC $NVT

Charles Schwab Investment Management Inc. increased its stake in shares of nVent Electric PLC (NYSE:NVT) by 2.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,081,899 shares of the company’s stock after purchasing an additional 30,267 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of nVent Electric worth $79,249,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its holdings in shares of nVent Electric by 47.4% in the first quarter. Avantax Advisory Services Inc. now owns 11,261 shares of the company’s stock worth $590,000 after buying an additional 3,621 shares in the last quarter. LPL Financial LLC lifted its stake in nVent Electric by 11.4% in the 1st quarter. LPL Financial LLC now owns 156,049 shares of the company’s stock worth $8,180,000 after purchasing an additional 16,006 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in nVent Electric in the 1st quarter valued at $115,000. XTX Topco Ltd grew its position in shares of nVent Electric by 192.2% during the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock valued at $644,000 after purchasing an additional 8,080 shares in the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of nVent Electric by 14.5% in the first quarter. NorthRock Partners LLC now owns 7,270 shares of the company’s stock worth $381,000 after purchasing an additional 920 shares during the period. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

NYSE:NVT opened at $107.27 on Friday. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.48 and a beta of 1.40. The business has a 50 day moving average of $102.95 and a 200 day moving average of $87.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $117.52.

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, sell-side analysts predict 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 0.7%. nVent Electric’s payout ratio is currently 22.04%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. KeyCorp raised their price target on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group boosted their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Barclays restated an “overweight” rating and issued a $130.00 price objective on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and a consensus target price of $122.00.

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 a total of 163,228 shares of company stock valued at $18,345,001 over the last three months. 1.80% of the stock is currently owned by company insiders.

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.