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

Ethic Inc. trimmed its stake in nVent Electric PLC (NYSE:NVT) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in nVent Electric in the 1st quarter valued at about $25,000. Trust Co. of Vermont boosted its position in 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 buying an additional 159 shares during the period. Hughes Financial Services LLC purchased a new stake in nVent Electric in the 1st quarter valued at about $36,000. First Horizon Advisors Inc. boosted its position in 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 buying an additional 300 shares during the period. Finally, American National Bank & Trust purchased a new stake in nVent Electric in the 2nd quarter valued at about $46,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NVT opened at $102.39 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $104.30. The stock has a fifty day moving average price of $95.53 and a 200-day moving average price of $78.19. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm has a market cap of $16.48 billion, a PE ratio of 29.17, a P/E/G ratio of 1.52 and a beta of 1.38.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results 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. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

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

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Herbert K. Parker sold 20,597 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the transaction, the director owned 15,070 shares in the company, valued at approximately $1,354,491.60. This represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 have sold a total of 261,111 shares of company stock worth $23,367,520 in the last three months. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVT has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of nVent Electric in a research note on Thursday, October 9th. The Goldman Sachs Group increased their target price on nVent Electric from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $102.00 price target (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, KeyCorp lifted their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $99.71.

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.