Traders Purchase High Volume of Call Options on nVent Electric (NYSE:NVT)

nVent Electric PLC (NYSE:NVT) was the target of some unusual options trading activity on Wednesday. Investors acquired 5,034 call options on the company. This represents an increase of 168% compared to the average volume of 1,878 call options.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $94.71 on Thursday. The firm’s fifty day simple moving average is $104.78 and its 200-day simple moving average is $91.00. nVent Electric has a 12 month low of $41.71 and a 12 month high of $117.52. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.26 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 (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. nVent Electric’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. 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 forecast that nVent Electric will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be issued a dividend of $0.21 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s dividend payout ratio is 22.04%.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer directly owned 26,400 shares in the company, valued at $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the sale, the director directly owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This trade represents a 28.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 163,228 shares of company stock worth $18,345,001. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nVent Electric

Institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new stake in nVent Electric during the 1st quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new stake in shares of nVent Electric during the third quarter worth approximately $30,000. Root Financial Partners LLC acquired a new stake in shares of nVent Electric during the third quarter worth $31,000. Trust Co. of Vermont grew its position in nVent Electric by 57.8% in the 2nd 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 last quarter. Finally, True Wealth Design LLC grew its position 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 buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NVT shares. Royal Bank Of Canada raised their target price on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday. Roth Capital restated a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, UBS Group initiated coverage on shares of nVent Electric in a research report on Thursday, November 20th. They issued a “buy” rating and a $128.00 target price on the stock. One equities research 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, the stock 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.