nVent Electric (NYSE:NVT) Insider Sells $13,032,518.46 in Stock

nVent Electric PLC (NYSE:NVT) insider Sara Zawoyski sold 115,557 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the transaction, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. This represents a 63.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

nVent Electric Stock Up 0.9%

NYSE NVT opened at $110.91 on Monday. The stock has a market capitalization of $17.90 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.40. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $117.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a fifty day moving average of $99.33 and a 200-day moving average of $82.71.

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, beating the consensus estimate 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 return on equity of 14.29% and a net margin of 16.83%.The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter last 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. On average, 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 declared 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. The ex-dividend date was Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is currently 22.04%.

Wall Street Analyst Weigh In

NVT has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a research report on Monday, November 3rd. KeyCorp raised their price target on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Citigroup lifted their price objective on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of nVent Electric in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $121.14.

Hedge Funds Weigh In On nVent Electric

Several institutional investors have recently modified their holdings of the business. SVB Wealth LLC bought a new stake in nVent Electric during the 1st quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of nVent Electric in the third quarter valued at approximately $30,000. Root Financial Partners LLC bought a new stake in shares of nVent Electric during the third quarter worth $31,000. Trust Co. of Vermont raised its holdings in shares of nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after acquiring an additional 159 shares during the period. Finally, True Wealth Design LLC raised its holdings in shares of nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 409 shares during the period. Institutional investors own 90.05% of the company’s stock.

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.