Legal & General Group Plc Sells 32,951 Shares of nVent Electric PLC $NVT

Legal & General Group Plc lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 421,643 shares of the company’s stock after selling 32,951 shares during the period. Legal & General Group Plc’s holdings in nVent Electric were worth $30,885,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Nuveen LLC bought a new stake in shares of nVent Electric during the 1st quarter valued at $229,615,000. Massachusetts Financial Services Co. MA boosted its stake in nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after purchasing an additional 1,896,749 shares during the period. American Century Companies Inc. grew its holdings in 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 buying an additional 1,388,578 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of nVent Electric by 29.5% during the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after buying an additional 709,464 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of nVent Electric during the second quarter valued at about $48,443,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on NVT. KeyCorp raised their price objective 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. Roth Capital reiterated a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group boosted their price target on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Citigroup upped their price target on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $122.00.

Insider Activity

In other news, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the transaction, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the chief accounting officer owned 26,400 shares in the company, valued at $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 163,228 shares of company stock valued at $18,345,001. 1.80% of the stock is owned by insiders.

nVent Electric Trading Up 1.6%

Shares of nVent Electric stock opened at $106.66 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The firm has a market cap of $17.21 billion, a PE ratio of 29.38, a PEG ratio of 1.45 and a beta of 1.40. The company has a 50 day simple moving average of $102.63 and a two-hundred day simple moving average of $86.91.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $0.63 EPS. The business’s quarterly 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. Analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were given a dividend of $0.20 per share. The ex-dividend date was 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 (DPR) is presently 22.04%.

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.