First Eagle Investment Management LLC Invests $590,000 in nVent Electric PLC $NVT

First Eagle Investment Management LLC bought a new stake in shares of nVent Electric PLC (NYSE:NVT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,053 shares of the company’s stock, valued at approximately $590,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of nVent Electric during the first quarter worth about $229,615,000. American Century Companies Inc. raised its position in shares of nVent Electric by 1,869.8% in the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the last quarter. William Blair Investment Management LLC boosted its stake in nVent Electric by 29.5% in the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock worth $228,096,000 after purchasing an additional 709,464 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in nVent Electric during the 2nd quarter worth approximately $48,443,000. Finally, Fiduciary Management Inc. WI increased its stake in nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after purchasing an additional 585,449 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Up 0.9%

Shares of NVT stock opened at $110.91 on Monday. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The stock has a market cap of $17.90 billion, a P/E ratio of 30.55, a P/E/G ratio of 1.50 and a beta of 1.40. The stock has a 50 day moving average of $99.33 and a 200 day moving average of $82.71. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business’s revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. As a group, sell-side analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were given a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio is 22.04%.

Analyst Ratings Changes

NVT has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Citigroup increased their price objective on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a report on Monday, November 3rd. Royal Bank Of Canada increased their price target on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $121.14.

Insider Buying and Selling

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the transaction, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. This trade represents a 67.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,365 shares of company stock worth $23,291,204 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

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.