Ethic Inc. Reduces Stock Holdings in nVent Electric PLC $NVT

Ethic Inc. reduced its holdings in nVent Electric PLC (NYSE:NVT) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,534 shares of the company’s stock after selling 2,956 shares during the period. Ethic Inc.’s holdings in nVent Electric were worth $1,873,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVT. SVB Wealth LLC purchased a new stake in shares of nVent Electric in the 1st quarter valued at $25,000. Trust Co. of Vermont boosted its holdings in shares of nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after acquiring an additional 159 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of nVent Electric in the 1st quarter valued at $36,000. First Horizon Advisors Inc. boosted its holdings in shares of nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock valued at $43,000 after acquiring an additional 300 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of nVent Electric in the 2nd quarter valued at $46,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a report on Saturday. Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Citigroup reissued a “buy” rating on shares of nVent Electric in a report on Thursday, October 9th. The Goldman Sachs Group increased their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, KeyCorp increased their price target on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $99.71.

nVent Electric Stock Performance

NVT opened at $102.39 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.52 and a beta of 1.38. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $104.30. The firm’s fifty day simple moving average is $95.53 and its two-hundred day simple moving average is $78.19.

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

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.79%.

Insider Buying and Selling at nVent Electric

In other news, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the sale, the executive vice president directly owned 70,817 shares in the company, valued at $6,336,705.16. This represents a 62.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the sale, the chief executive officer owned 49,196 shares of the company’s stock, valued at $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,111 shares of company stock valued at $23,367,520. Insiders own 1.80% of the company’s stock.

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.