Federated Hermes Inc. Cuts Stock Position in nVent Electric PLC $NVT

Federated Hermes Inc. lessened its holdings in shares of nVent Electric PLC (NYSE:NVT) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 879,632 shares of the company’s stock after selling 6,286 shares during the quarter. Federated Hermes Inc. owned about 0.55% of nVent Electric worth $86,767,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after buying an additional 23,606 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of nVent Electric by 575.6% during the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares during the period. Geneos Wealth Management Inc. increased its position in shares of nVent Electric by 436.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after acquiring an additional 872 shares during the period. Farther Finance Advisors LLC raised its stake in shares of nVent Electric by 65.4% in the second quarter. Farther Finance Advisors LLC now owns 3,302 shares of the company’s stock valued at $242,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in nVent Electric by 26.0% in the second quarter. Fifth Third Bancorp now owns 3,542 shares of the company’s stock valued at $259,000 after purchasing an additional 731 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 47,984 shares in the company, valued at approximately $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg Scheu sold 5,591 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $104.04, for a total transaction of $581,687.64. Following the transaction, the director owned 14,348 shares in the company, valued at approximately $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. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Stock Performance

Shares of NVT opened at $114.15 on Thursday. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.21 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 has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $105.94 and a 200 day moving average price of $98.48.

nVent Electric (NYSE:NVT) last released 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. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. 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. Research analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 23rd. nVent Electric’s payout ratio is presently 23.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup upped their price target on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group began coverage on nVent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $128.00 price objective for the company. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $136.00 price target on shares of nVent Electric in a research note on Thursday, January 15th. Finally, Barclays increased their price objective 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. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $123.63.

nVent Electric Company Profile

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.