Atria Wealth Solutions Inc. Invests $422,000 in nVent Electric PLC $NVT

Atria Wealth Solutions Inc. bought a new position in shares of nVent Electric PLC (NYSE:NVT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,663 shares of the company’s stock, valued at approximately $422,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of nVent Electric during the first quarter worth $25,000. Trust Co. of Vermont grew its stake 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 purchasing an additional 159 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of nVent Electric during the first quarter worth $36,000. First Horizon Advisors Inc. grew its stake in shares of nVent Electric by 58.0% during the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of nVent Electric during the second quarter worth $46,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other news, Director Herbert K. Parker sold 20,597 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares of the company’s stock, valued at $1,354,491.60. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Beth Wozniak sold 42,331 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the sale, the chief executive officer owned 49,196 shares in the company, valued at $4,388,775.16. The trade was a 46.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

NVT has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Roth Capital reaffirmed a “buy” rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Barclays boosted their target price on nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Citigroup reissued a “buy” rating on shares of nVent Electric in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $99.71.

nVent Electric Stock Up 0.8%

NVT stock opened at $100.17 on Tuesday. 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 stock has a market capitalization of $16.12 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.48 and a beta of 1.38. The business has a 50-day moving average of $94.74 and a 200-day moving average of $76.89. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $102.31.

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 the consensus estimate of $0.79 by $0.07. The company had revenue of $963.10 million during the quarter, compared to analysts’ expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.nVent Electric’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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

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.