Gabelli Funds LLC Buys 25,414 Shares of nVent Electric PLC $NVT

Gabelli Funds LLC boosted its position in nVent Electric PLC (NYSE:NVT) by 40.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,114 shares of the company’s stock after acquiring an additional 25,414 shares during the quarter. Gabelli Funds LLC owned 0.05% of nVent Electric worth $6,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of nVent Electric in the 2nd quarter worth about $234,290,000. Massachusetts Financial Services Co. MA raised its holdings in shares of nVent Electric by 146.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after buying an additional 1,896,749 shares in the last quarter. William Blair Investment Management LLC lifted its position 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 worth $228,096,000 after buying an additional 709,464 shares during the last quarter. Champlain Investment Partners LLC lifted its position in nVent Electric by 26.8% in the 2nd quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock worth $165,563,000 after buying an additional 477,135 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in nVent Electric by 38.1% in 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. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,228 shares of company stock valued at $18,345,001 over the last 90 days. Company insiders own 2.50% of the company’s stock.

nVent Electric Stock Performance

Shares of NYSE:NVT opened at $107.45 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $104.20 and a 200-day moving average price of $89.61. The company has a market cap of $17.34 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.48 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.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.nVent Electric’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period last year, the firm 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, equities analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lifted their price target on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Citigroup lifted their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. KeyCorp upped their price target on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research note on Monday. 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 report 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $123.25.

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.