Steph & Co. Grows Position in nVent Electric PLC $NVT

Steph & Co. lifted its stake in shares of nVent Electric PLC (NYSE:NVT) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,937 shares of the company’s stock after buying an additional 605 shares during the period. Steph & Co.’s holdings in nVent Electric were worth $362,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NVT. XTX Topco Ltd grew its stake in nVent Electric by 192.2% during the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock valued at $644,000 after purchasing an additional 8,080 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of nVent Electric by 32.4% during the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company’s stock worth $2,623,000 after purchasing an additional 12,386 shares during the period. Farther Finance Advisors LLC boosted its position in nVent Electric by 381.0% in the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company’s stock valued at $106,000 after buying an additional 1,581 shares during the last quarter. GAMMA Investing LLC increased its holdings in nVent Electric by 74.3% in the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock worth $182,000 after buying an additional 1,482 shares during the period. Finally, Strs Ohio purchased a new position in nVent Electric during the 1st quarter worth approximately $5,294,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NVT. KeyCorp upped their price target on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the company a “buy” rating in a report on Monday, July 14th. Roth Capital restated a “buy” rating and issued a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Barclays reiterated an “overweight” rating on shares of nVent Electric in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $90.43.

nVent Electric Stock Down 0.7%

nVent Electric stock opened at $96.62 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $101.06. The stock has a market capitalization of $15.55 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The business has a 50 day simple moving average of $89.21 and a 200-day simple moving average of $71.44.

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

nVent Electric Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Randolph A. Wacker sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the transaction, the chief accounting officer directly owned 27,525 shares of the company’s stock, valued at approximately $2,452,202.25. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lynnette R. Heath sold 17,853 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the sale, the executive vice president directly owned 30,512 shares of the company’s stock, valued at approximately $2,725,636.96. This represents a 36.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 1.80% of the company’s stock.

nVent Electric 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.