Burney Co. Has $936,000 Stock Holdings in nVent Electric PLC $NVT

Burney Co. lessened its holdings in nVent Electric PLC (NYSE:NVT) by 47.9% during the second quarter, HoldingsChannel reports. The firm owned 12,774 shares of the company’s stock after selling 11,748 shares during the quarter. Burney Co.’s holdings in nVent Electric were worth $936,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NVT. Nuveen LLC acquired a new stake in shares of nVent Electric in the 1st quarter valued at $229,615,000. American Century Companies Inc. grew its holdings in shares of nVent Electric by 1,869.8% during the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of nVent Electric by 29.5% during the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after purchasing an additional 709,464 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of nVent Electric during the 2nd quarter valued at approximately $48,443,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Barclays restated an “overweight” rating and set a $130.00 price objective on shares of nVent Electric in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, The Goldman Sachs Group boosted their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $121.14.

Insider Transactions at nVent Electric

In other news, CEO Beth Wozniak sold 42,331 shares of the business’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 transaction, the chief executive officer directly owned 49,196 shares of the company’s stock, valued at $4,388,775.16. The trade was a 46.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. The trade was a 67.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,865 shares of company stock worth $6,251,679. Company insiders own 2.50% of the company’s stock.

nVent Electric Stock Down 2.5%

Shares of NVT opened at $109.51 on Wednesday. The company has a market capitalization of $17.67 billion, a PE ratio of 30.17, a PEG ratio of 1.65 and a beta of 1.40. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $98.15 and its two-hundred day moving average price is $81.42.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. 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, analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be given a $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. nVent Electric’s payout ratio is 22.04%.

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.