Altfest L J & Co. Inc. Buys New Stake in nVent Electric PLC $NVT

Altfest L J & Co. Inc. purchased a new position in shares of nVent Electric PLC (NYSE:NVT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,271 shares of the company’s stock, valued at approximately $717,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of nVent Electric during the 2nd quarter worth approximately $234,290,000. Massachusetts Financial Services Co. MA raised its stake in 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 worth $234,074,000 after acquiring an additional 1,896,749 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of nVent Electric by 29.5% during the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock worth $228,096,000 after purchasing an additional 709,464 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of nVent Electric by 26.8% during the second quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock worth $165,563,000 after purchasing an additional 477,135 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of nVent Electric by 2.5% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,747,061 shares of the company’s stock valued at $127,972,000 after purchasing an additional 43,036 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Trading Up 4.7%

Shares of nVent Electric stock opened at $106.81 on Friday. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $117.52. The company’s 50-day simple moving average is $105.63 and its 200-day simple moving average is $93.94. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating 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 return on equity of 14.29% and a net margin of 16.83%.The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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 research analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The firm also recently disclosed 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 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 currently 22.04%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NVT shares. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Barclays increased their price objective on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Roth Capital reaffirmed a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Citigroup upped their price target on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $123.25.

Insider Transactions at nVent Electric

In other news, CEO Beth Wozniak sold 4,137 shares of the stock in a transaction dated 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 owned 47,984 shares in the company, valued at $5,295,034.40. This trade represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were 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 of the company’s stock, valued at $2,906,112. This trade represents a 15.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,228 shares of company stock valued at $18,345,001 in the last three months. Insiders own 1.80% of the company’s stock.

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.