Sequoia Financial Advisors LLC Buys 4,946 Shares of nVent Electric PLC $NVT

Sequoia Financial Advisors LLC grew its position in shares of nVent Electric PLC (NYSE:NVT) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,071 shares of the company’s stock after acquiring an additional 4,946 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in nVent Electric were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Trust Asset Management LLC purchased a new position in nVent Electric during the third quarter worth about $30,000. First Horizon Corp purchased a new stake in nVent Electric in the 3rd quarter valued at about $41,000. Trust Co. of Vermont lifted its position in shares of nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after buying an additional 159 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of nVent Electric by 1,202.9% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

NVT has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Roth Capital reaffirmed 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $136.00 target price on shares of nVent Electric in a research note on Thursday. Citigroup increased 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. Finally, KeyCorp lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $123.63.

nVent Electric Stock Up 4.3%

NVT stock opened at $112.58 on Tuesday. The stock has a fifty day moving average of $105.25 and a 200-day moving average of $96.82. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 1.20 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business 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 predict that nVent Electric PLC will post 3.04 earnings per share 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 23rd. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is currently 22.04%.

Insider Buying and Selling

In other nVent Electric news, CAO Randolph A. Wacker sold 5,000 shares of the 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 owned 26,400 shares in the company, valued at $2,906,112. This represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Beth Wozniak sold 4,137 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was 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 directly owned 47,984 shares of the company’s stock, valued at $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 163,228 shares of company stock worth $18,345,001 in the last 90 days. 2.50% of the stock is currently owned by company 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.