Forum Financial Management LP Cuts Position in nVent Electric PLC $NVT

Forum Financial Management LP reduced its holdings in shares of nVent Electric PLC (NYSE:NVT) by 29.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,567 shares of the company’s stock after selling 1,461 shares during the quarter. Forum Financial Management LP’s holdings in nVent Electric were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NVT. SVB Wealth LLC acquired a new position in shares of nVent Electric during the first quarter worth about $25,000. Trust Co. of Vermont lifted its position in 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 acquiring an additional 159 shares in the last quarter. Hughes Financial Services LLC purchased a new position in nVent Electric in the 1st quarter worth approximately $36,000. First Horizon Advisors Inc. boosted its holdings in nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after acquiring an additional 300 shares during the period. Finally, American National Bank & Trust acquired a new stake in nVent Electric in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

nVent Electric stock opened at $103.91 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $104.30. The company has a fifty day moving average price of $95.82 and a two-hundred day moving average price of $78.74. The company has a market cap of $16.72 billion, a PE ratio of 29.60, a P/E/G ratio of 1.52 and a beta of 1.38.

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

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be issued 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 is 22.79%.

Insider Buying and Selling at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total value of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares of the company’s stock, valued at approximately $1,085,670. This trade represents a 67.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 3,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the transaction, the chief accounting officer owned 27,525 shares of the company’s stock, valued at approximately $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVT. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Barclays boosted their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. KeyCorp lifted their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Roth Capital restated a “buy” rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One research 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. Based on data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average target price of $99.71.

About nVent Electric

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.