Verdence Capital Advisors LLC Takes Position in nVent Electric PLC $NVT

Verdence Capital Advisors LLC acquired a new stake in shares of nVent Electric PLC (NYSE:NVT) during the second quarter, Holdings Channel reports. The fund acquired 3,315 shares of the company’s stock, valued at approximately $243,000.

Several other large investors have also modified their holdings of NVT. Trust Co. of Vermont lifted its holdings in nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after buying an additional 159 shares during the last quarter. SVB Wealth LLC bought a new position in nVent Electric during the first quarter worth $25,000. American National Bank & Trust bought a new position in nVent Electric during the second quarter worth $46,000. Hughes Financial Services LLC bought a new position in nVent Electric during the first quarter worth $36,000. Finally, First Horizon Advisors Inc. lifted its stake in nVent Electric by 58.0% during the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. KeyCorp raised their target price on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays raised their target price on shares of nVent Electric from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Citigroup reissued a “buy” rating on shares of nVent Electric in a report on Thursday, October 9th. Finally, Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $99.71.

Insider Buying and Selling

In other news, EVP Lynnette R. Heath sold 17,853 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total value of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares of the company’s stock, valued at approximately $2,725,636.96. The trade was a 36.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by corporate insiders.

nVent Electric Stock Down 0.5%

Shares of nVent Electric stock opened at $100.61 on Friday. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $102.31. The business’s fifty day moving average price is $94.30 and its two-hundred day moving average price is $75.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The company has a market capitalization of $16.19 billion, a P/E ratio of 28.66, a PEG ratio of 1.50 and a beta of 1.38.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million for the quarter, compared to analysts’ expectations of $906.96 million. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. As a group, 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. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s payout ratio is currently 22.79%.

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.