Intrust Bank NA Buys 1,555 Shares of nVent Electric PLC $NVT

Intrust Bank NA raised its stake in shares of nVent Electric PLC (NYSE:NVT) by 40.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,442 shares of the company’s stock after purchasing an additional 1,555 shares during the period. Intrust Bank NA’s holdings in nVent Electric were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVT. XTX Topco Ltd increased its holdings in nVent Electric by 192.2% in the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock worth $644,000 after acquiring an additional 8,080 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in nVent Electric by 32.4% during the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company’s stock valued at $2,623,000 after purchasing an additional 12,386 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of nVent Electric by 3.9% in the second quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after purchasing an additional 4,427 shares during the period. Strs Ohio purchased a new stake in shares of nVent Electric in the first quarter worth $5,294,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of nVent Electric during the 2nd quarter valued at $322,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Up 0.3%

Shares of nVent Electric stock opened at $104.44 on Wednesday. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $101.65 and a 200-day moving average price of $85.27. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.41 and a beta of 1.40.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Equities research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, October 17th. nVent Electric’s dividend payout ratio is currently 22.04%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Citigroup boosted their price objective on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research report on Thursday, November 13th. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Royal Bank Of Canada upped their price target on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $121.14.

Insider Activity at nVent Electric

In related news, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the sale, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 153,500 shares of company stock valued at $17,306,795. 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.