Mutual of America Capital Management LLC Sells 7,544 Shares of nVent Electric PLC $NVT

Mutual of America Capital Management LLC lowered its position in nVent Electric PLC (NYSE:NVT) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,330 shares of the company’s stock after selling 7,544 shares during the period. Mutual of America Capital Management LLC’s holdings in nVent Electric were worth $7,332,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in nVent Electric during the second quarter worth about $234,290,000. Massachusetts Financial Services Co. MA raised its position in shares of nVent Electric by 146.0% during the second 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. Merewether Investment Management LP acquired a new stake in shares of nVent Electric during the second quarter worth about $78,222,000. William Blair Investment Management LLC lifted 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 in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of nVent Electric in the 2nd quarter valued at approximately $48,443,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Up 2.3%

Shares of NYSE:NVT opened at $113.12 on Wednesday. The company’s 50-day moving average price is $105.77 and its two-hundred day moving average price is $98.37. 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 one year low of $41.71 and a one year high of $117.52. The stock has a market capitalization of $18.25 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.

nVent Electric (NYSE:NVT) last announced 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. On average, equities analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is presently 23.14%.

Wall Street Analyst Weigh In

Several analysts have commented on NVT shares. Barclays raised their target price on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group assumed coverage on shares of nVent Electric in a research report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective on the stock. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, Citigroup lifted their price target on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $123.63.

Insider Activity

In related news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total transaction of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. This represents a 63.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 163,228 shares of company stock worth $18,345,001. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.