nVent Electric PLC $NVT Shares Bought by Ariel Investments LLC

Ariel Investments LLC grew its stake in nVent Electric PLC (NYSE:NVT) by 17.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 934,041 shares of the company’s stock after acquiring an additional 137,376 shares during the quarter. Ariel Investments LLC owned about 0.58% of nVent Electric worth $68,419,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVT. Trust Co. of Vermont grew 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 purchasing an additional 159 shares during the period. Manchester Capital Management LLC raised its stake 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 purchasing an additional 300 shares during the period. True Wealth Design LLC boosted its holdings in nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. SVB Wealth LLC acquired a new position in nVent Electric in the 1st quarter valued at about $25,000. Finally, American National Bank & Trust purchased a new stake in shares of nVent Electric in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on NVT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 1st. The Goldman Sachs Group lifted their target price on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. KeyCorp raised 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. Finally, Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, nVent Electric presently has an average rating of “Buy” and an average target price of $123.25.

nVent Electric Trading Up 0.3%

NYSE NVT opened at $107.45 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.48 and a beta of 1.32. The firm has a 50 day simple moving average of $104.20 and a 200-day simple moving average of $89.61. nVent Electric PLC has a one year low of $41.71 and a one year high of $117.52.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. 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 research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 17th were given a dividend of $0.20 per share. 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 payout ratio is currently 22.04%.

Insider Activity

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total value of $13,032,518.46. Following the sale, the insider directly owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. This represents a 63.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric stock in a transaction 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 directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 163,228 shares of company stock valued at $18,345,001. 2.50% of the stock is owned by corporate 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.