Federated Hermes Inc. Lowers Holdings in nVent Electric PLC $NVT

Federated Hermes Inc. trimmed its position in shares of nVent Electric PLC (NYSE:NVT) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 885,918 shares of the company’s stock after selling 237,783 shares during the quarter. Federated Hermes Inc. owned about 0.55% of nVent Electric worth $64,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new position in shares of nVent Electric in the first quarter worth approximately $25,000. Trust Co. of Vermont increased its position in shares of nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after acquiring 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 acquiring an additional 409 shares in the last quarter. Manchester Capital Management LLC raised its holdings in nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Finally, American National Bank & Trust bought a new position in nVent Electric in the 2nd quarter valued at approximately $46,000. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Performance

Shares of NVT opened at $107.75 on Monday. The firm has a market capitalization of $17.39 billion, a P/E ratio of 29.68, a PEG ratio of 1.49 and a beta of 1.32. 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 one year low of $41.71 and a one year high of $117.52. The business has a fifty day moving average of $103.81 and a 200 day moving average of $89.01.

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

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Analyst Ratings Changes

Several analysts have commented on NVT shares. KeyCorp increased 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. Barclays upped their price target on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada lifted their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group upped their target price on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $123.25.

Insider Buying and Selling

In related news, EVP Lynnette R. Heath sold 32,943 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the completion of the sale, the executive vice president directly 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Greg Scheu sold 5,591 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $104.04, for a total transaction of $581,687.64. Following the sale, the director directly owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. This represents a 28.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,228 shares of company stock valued at $18,345,001 in the last 90 days. 2.50% of the stock is owned by 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.