nVent Electric (NYSE:NVT) CAO Sells $550,400.00 in Stock

nVent Electric PLC (NYSE:NVT) CAO Randolph Wacker sold 5,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the chief accounting officer owned 26,400 shares of the company’s stock, valued at $2,906,112. This trade represents a 15.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

nVent Electric Price Performance

nVent Electric stock opened at $110.91 on Monday. 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 firm has a 50-day moving average price of $99.33 and a 200-day moving average price of $82.71. The firm has a market capitalization of $17.90 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.40.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.nVent Electric’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Analyst Ratings Changes

NVT has been the topic of several analyst reports. Citigroup lifted their price target on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. KeyCorp boosted their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group upped their target price on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Roth Capital reissued a “buy” rating and issued a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Barclays restated an “overweight” rating and set a $130.00 price target on shares of nVent Electric 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $121.14.

Institutional Trading of nVent Electric

A number of hedge funds have recently added to or reduced their stakes in NVT. SVB Wealth LLC purchased a new position in shares of nVent Electric during the 1st quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in nVent Electric during the third quarter worth $30,000. Root Financial Partners LLC purchased a new position in nVent Electric during the third quarter valued at $31,000. Trust Co. of Vermont lifted its holdings in nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares in the last quarter. Finally, True Wealth Design LLC grew its position in shares of nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.