Mutual of America Capital Management LLC Has $6 Million Stock Position in nVent Electric PLC $NVT

Mutual of America Capital Management LLC reduced its holdings in shares of nVent Electric PLC (NYSE:NVTFree Report) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,874 shares of the company’s stock after selling 2,953 shares during the quarter. Mutual of America Capital Management LLC’s holdings in nVent Electric were worth $5,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVT. Nuveen LLC purchased a new position in nVent Electric during the first quarter worth about $229,615,000. American Century Companies Inc. boosted its holdings in nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock worth $76,682,000 after purchasing an additional 1,388,578 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in 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 worth $228,096,000 after purchasing an additional 709,464 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in nVent Electric during the second quarter worth about $48,443,000. Finally, Fiduciary Management Inc. WI boosted its holdings in nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after purchasing an additional 585,449 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Randolph A. Wacker sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares of the company’s stock, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the business’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 in the company, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Stock Performance

Shares of NVT stock opened at $99.64 on Wednesday. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.49 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $102.31. The firm’s 50-day simple moving average is $94.90 and its two-hundred day simple moving average is $77.05.

nVent Electric (NYSE:NVTGet Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $906.96 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. nVent Electric’s payout ratio is 22.79%.

Analyst Ratings Changes

Several research firms recently weighed in on NVT. KeyCorp boosted their price target on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays lifted their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $99.71.

Read Our Latest Stock Analysis on nVent Electric

nVent Electric Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nVent Electric PLC (NYSE:NVTFree Report).

Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

Receive News & Ratings for nVent Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nVent Electric and related companies with MarketBeat.com's FREE daily email newsletter.