Spire Wealth Management Sells 1,000 Shares of nVent Electric PLC $NVT

Spire Wealth Management trimmed its position in shares of nVent Electric PLC (NYSE:NVT) by 66.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 507 shares of the company’s stock after selling 1,000 shares during the quarter. Spire Wealth Management’s holdings in nVent Electric were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. SVB Wealth LLC acquired a new stake in nVent Electric during the 1st quarter valued at $25,000. Trust Co. of Vermont grew 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 purchasing an additional 159 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of nVent Electric in the first quarter valued at $36,000. American National Bank & Trust bought a new position in shares of nVent Electric in the second quarter valued at about $46,000. Finally, Allworth Financial LP raised its holdings in shares of nVent Electric by 39.9% in the first quarter. Allworth Financial LP now owns 876 shares of the company’s stock valued at $48,000 after buying an additional 250 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Stock Performance

NVT stock opened at $109.90 on Friday. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $17.73 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The business’s fifty day moving average is $98.91 and its 200-day moving average is $81.84.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 34.8% on a year-over-year basis. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NVT shares. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday. Roth Capital restated a “buy” rating and set a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a research report on Monday. Finally, KeyCorp raised their price target on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, nVent Electric presently has an average rating of “Buy” and a consensus price target of $121.14.

Insider Buying and Selling

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,808 shares of company stock valued at $9,708,285 in the last 90 days. 1.80% of the stock is owned by insiders.

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.