Spire Wealth Management Has $37,000 Stock Holdings in nVent Electric PLC $NVT

Spire Wealth Management reduced its stake in shares of nVent Electric PLC (NYSE:NVT) by 66.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 507 shares of the company’s stock after selling 1,000 shares during the period. Spire Wealth Management’s holdings in nVent Electric were worth $37,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Quaker Wealth Management LLC increased its position in shares of nVent Electric by 199.3% during the second quarter. Quaker Wealth Management LLC now owns 1,004 shares of the company’s stock worth $74,000 after acquiring an additional 2,015 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in nVent Electric by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 41,345 shares of the company’s stock worth $3,029,000 after purchasing an additional 662 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of nVent Electric by 54.5% in the 2nd quarter. Bessemer Group Inc. now owns 975 shares of the company’s stock valued at $71,000 after purchasing an additional 344 shares during the period. Riverwater Partners LLC raised its stake in shares of nVent Electric by 16.4% in the 2nd quarter. Riverwater Partners LLC now owns 5,080 shares of the company’s stock valued at $372,000 after purchasing an additional 717 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of nVent Electric by 34.0% in the second quarter. Envestnet Asset Management Inc. now owns 592,694 shares of the company’s stock valued at $43,415,000 after purchasing an additional 150,362 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Lynnette R. Heath sold 32,943 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the transaction, the executive vice president directly owned 30,562 shares of the company’s stock, valued at approximately $3,454,728.48. The trade was a 51.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the sale, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. This trade represents a 67.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,808 shares of company stock valued at $9,708,285 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $130.00 price objective (up from $115.00) on shares of nVent Electric in a report on Monday. Barclays restated an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a report on Monday. Finally, KeyCorp raised their target price on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $121.14.

nVent Electric Trading Down 2.3%

NYSE NVT opened at $109.90 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $98.91 and a 200-day moving average of $81.84. The company has a market cap of $17.73 billion, a PE ratio of 30.28, a PEG ratio of 1.52 and a beta of 1.40.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, equities research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

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.