Continuum Advisory LLC Makes New $1.63 Million Investment in nVent Electric PLC $NVT

Continuum Advisory LLC purchased a new stake in shares of nVent Electric PLC (NYSE:NVT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,528 shares of the company’s stock, valued at approximately $1,630,000.

A number of other hedge funds have also modified their holdings of NVT. Charles Schwab Investment Management Inc. raised its position in shares of nVent Electric by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,081,899 shares of the company’s stock valued at $79,249,000 after buying an additional 30,267 shares during the last quarter. Nordea Investment Management AB grew its stake in nVent Electric by 3.9% during the second quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock valued at $8,613,000 after acquiring an additional 4,427 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in nVent Electric by 12.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock valued at $13,880,000 after acquiring an additional 20,917 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in nVent Electric by 19.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock worth $38,958,000 after purchasing an additional 87,102 shares in the last quarter. Finally, Strs Ohio purchased a new stake in nVent Electric in the 1st quarter worth $5,294,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVT. UBS Group initiated coverage on nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 target price on the stock. 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 research note on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. KeyCorp boosted their price target on shares of 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 upped their price target on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $123.25.

nVent Electric Price Performance

nVent Electric stock opened at $103.16 on Tuesday. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. 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 firm has a 50-day moving average price of $105.33 and a 200-day moving average price of $93.15. The firm has a market capitalization of $16.65 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the company posted $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 research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

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

Insider Activity at nVent Electric

In other news, insider Sara E. Zawoyski sold 115,557 shares of nVent Electric stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. This trade represents a 63.41% 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, 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 sale, the director directly owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This represents a 28.04% 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 worth $18,345,001 over the last quarter. 2.50% of the stock is owned by insiders.

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.