US Bancorp DE Acquires 1,202 Shares of nVent Electric PLC $NVT

US Bancorp DE grew its holdings in shares of nVent Electric PLC (NYSE:NVT) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,534 shares of the company’s stock after buying an additional 1,202 shares during the period. US Bancorp DE owned approximately 0.11% of nVent Electric worth $13,297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC acquired a new stake in nVent Electric in the first quarter worth $229,615,000. Clean Energy Transition LLP increased its position in nVent Electric by 6.8% in the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company’s stock valued at $118,473,000 after buying an additional 144,403 shares in the last quarter. Fiduciary Management Inc. WI increased its position in nVent Electric by 38.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after buying an additional 585,449 shares in the last quarter. Dimensional Fund Advisors LP increased its position in nVent Electric by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company’s stock valued at $110,885,000 after buying an additional 422,640 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in nVent Electric by 40.1% in the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company’s stock valued at $93,470,000 after buying an additional 510,535 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Citigroup reaffirmed a “buy” rating on shares of nVent Electric in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. KeyCorp raised their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, Barclays raised their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $95.43.

nVent Electric Trading Down 1.8%

Shares of nVent Electric stock opened at $95.95 on Friday. The stock has a fifty day simple moving average of $93.47 and a 200 day simple moving average of $74.71. The company has a market capitalization of $15.44 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $101.76.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is currently 22.79%.

Insider Activity

In other nVent Electric news, EVP Jon D. Lammers sold 119,694 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the transaction, the executive vice president owned 70,817 shares of the company’s stock, valued at approximately $6,336,705.16. The trade was a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herbert K. Parker sold 20,597 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares in the company, valued at approximately $1,354,491.60. This represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.