Randolph Wacker Sells 5,000 Shares of nVent Electric (NYSE:NVT) Stock

nVent Electric PLC (NYSE:NVT) CAO Randolph Wacker sold 5,000 shares of nVent Electric stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $110.91 on Friday. The business’s 50-day moving average price is $99.33 and its 200-day moving average price is $82.49. The firm has a market capitalization of $17.90 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.50 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.

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

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Analyst Ratings Changes

Several research firms have issued reports on NVT. KeyCorp upped their price target on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada raised their price target on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Barclays reiterated an “overweight” rating and issued a $130.00 price objective on shares of nVent Electric in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research note on Wednesday, October 8th. Finally, Citigroup lifted their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One investment 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $121.14.

Institutional Investors Weigh In On nVent Electric

Large investors have recently made changes to their positions in the business. NewEdge Wealth LLC bought a new position in shares of nVent Electric during the third quarter valued at approximately $249,000. NEOS Investment Management LLC grew its holdings in shares of nVent Electric by 21.9% during the 3rd quarter. NEOS Investment Management LLC now owns 34,947 shares of the company’s stock worth $3,447,000 after acquiring an additional 6,290 shares during the period. Phillips Wealth Planners LLC bought a new position in nVent Electric in the third quarter worth $238,000. JPMorgan Chase & Co. increased its stake in shares of nVent Electric by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,189 shares of the company’s stock worth $56,145,000 after acquiring an additional 10,936 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of nVent Electric by 2.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 57,956 shares of the company’s stock valued at $5,717,000 after purchasing an additional 1,347 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.