Osaic Holdings Inc. Grows Stake in nVent Electric PLC $NVT

Osaic Holdings Inc. lifted its stake in nVent Electric PLC (NYSE:NVT) by 382.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,702 shares of the company’s stock after acquiring an additional 88,541 shares during the period. Osaic Holdings Inc. owned 0.07% of nVent Electric worth $8,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in nVent Electric during the first quarter worth $25,000. Trust Co. of Vermont lifted its stake in shares of 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 purchasing an additional 159 shares during the last quarter. True Wealth Design LLC boosted its stake in nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after buying an additional 409 shares during the period. Manchester Capital Management LLC increased 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 valued at $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of nVent Electric by 522.9% in the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, Director Greg Scheu sold 5,591 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. The trade was a 28.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Randolph A. Wacker sold 5,000 shares of the business’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 owned 26,400 shares in the company, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 163,228 shares of company stock worth $18,345,001. Company insiders own 2.50% of the company’s stock.

nVent Electric Trading Up 3.3%

Shares of nVent Electric stock opened at $101.49 on Monday. The business has a 50 day moving average price of $104.90 and a 200 day moving average price of $91.65. The company has a market capitalization of $16.38 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.25 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 1 year low of $41.71 and a 1 year high of $117.52.

nVent Electric (NYSE:NVT) last released 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 return on equity of 14.29% and a net margin of 16.83%.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 business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. 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. Sell-side analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be issued a $0.21 dividend. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s dividend payout ratio is presently 22.04%.

Analyst Ratings Changes

A number of analysts have weighed in on NVT shares. Royal Bank Of Canada raised their price target on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Citigroup raised their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Roth Capital restated a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Barclays increased their target price on shares of nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. 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, the company has an average rating of “Buy” and a consensus price target of $123.25.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.