Envestnet Portfolio Solutions Inc. Increases Position in nVent Electric PLC $NVT

Envestnet Portfolio Solutions Inc. lifted its position in shares of nVent Electric PLC (NYSE:NVT) by 126.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,683 shares of the company’s stock after buying an additional 12,657 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in nVent Electric were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVT. Nuveen LLC purchased a new position in shares of nVent Electric during the first quarter valued at approximately $229,615,000. American Century Companies Inc. lifted its stake in shares of nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after buying an additional 1,388,578 shares during the period. Valeo Financial Advisors LLC acquired a new position in nVent Electric during the second quarter worth approximately $48,443,000. Fiduciary Management Inc. WI increased its position in nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in nVent Electric by 40.1% during the first quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company’s stock worth $93,470,000 after purchasing an additional 510,535 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NVT shares. Roth Capital reaffirmed a “buy” rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays upped their price target on shares of nVent Electric from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Citigroup reaffirmed a “buy” rating on shares of nVent Electric in a research report on Thursday, October 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $99.71.

nVent Electric Price Performance

nVent Electric stock opened at $99.34 on Friday. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $102.31. The firm has a fifty day moving average of $94.52 and a 200-day moving average of $76.17. The firm has a market capitalization of $15.99 billion, a P/E ratio of 28.30, a PEG ratio of 1.49 and a beta of 1.38. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. As a group, analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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

Insider Buying and Selling at nVent Electric

In related news, insider Sara E. Zawoyski sold 22,109 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the sale, the insider directly owned 66,640 shares of the company’s stock, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lynnette R. Heath sold 17,853 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the sale, the executive vice president directly owned 30,512 shares of the company’s stock, valued at approximately $2,725,636.96. The trade was a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is currently owned by insiders.

nVent Electric Company 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.