nVent Electric PLC $NVT Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in nVent Electric PLC (NYSE:NVT) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 859,331 shares of the company’s stock after selling 30,870 shares during the period. First Trust Advisors LP owned approximately 0.53% of nVent Electric worth $62,946,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVT. Trust Co. of Vermont lifted its holdings in shares of 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 buying an additional 159 shares during the period. Manchester Capital Management LLC grew its holdings in nVent Electric by 222.2% during the second 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 period. True Wealth Design LLC raised its position in nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 409 shares in the last quarter. SVB Wealth LLC acquired a new stake in nVent Electric in the 1st quarter valued at about $25,000. Finally, American National Bank & Trust bought a new position in shares of nVent Electric during the 2nd quarter valued at about $46,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $107.75 on Monday. The company’s fifty day moving average is $103.81 and its two-hundred day moving average is $89.01. The company has a market cap of $17.39 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last issued its quarterly 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 business 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 for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a dividend of $0.20 per share. 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 22.04%.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 4,137 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the sale, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at $5,295,034.40. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the sale, the chief accounting officer owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This represents a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 163,228 shares of company stock worth $18,345,001 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Roth Capital reiterated a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price target on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. 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. Citigroup raised their price objective on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, KeyCorp boosted their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and an average target price of $123.25.

nVent Electric 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.