Harbour Investments Inc. Raises Position in nVent Electric PLC $NVT

Harbour Investments Inc. grew its holdings in shares of nVent Electric PLC (NYSE:NVT) by 20.8% during the second quarter, HoldingsChannel reports. The firm owned 1,680 shares of the company’s stock after purchasing an additional 289 shares during the quarter. Harbour Investments Inc.’s holdings in nVent Electric were worth $123,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Verdence Capital Advisors LLC purchased a new position in shares of nVent Electric during the 2nd quarter worth $243,000. Atria Wealth Solutions Inc. purchased a new position in shares of nVent Electric during the 2nd quarter worth $422,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of nVent Electric by 126.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,683 shares of the company’s stock worth $1,662,000 after purchasing an additional 12,657 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of nVent Electric by 7.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 56,125 shares of the company’s stock worth $4,111,000 after purchasing an additional 3,930 shares during the period. Finally, CWM LLC lifted its stake in shares of nVent Electric by 3.3% during the 2nd quarter. CWM LLC now owns 6,916 shares of the company’s stock worth $507,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In related news, EVP Jon D. Lammers sold 119,694 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the transaction, the executive vice president owned 70,817 shares in the company, valued at $6,336,705.16. This trade represents a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the firm’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 transaction, the chief executive officer owned 49,196 shares in the company, valued at $4,388,775.16. This represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by company insiders.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $96.89 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $95.02 and its two-hundred day moving average price is $77.19. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $102.31. The stock has a market capitalization of $15.59 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.48 and a beta of 1.38.

nVent Electric (NYSE:NVT) last released its quarterly earnings results 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. The company had revenue of $963.10 million for the quarter, compared to analysts’ expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. 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, sell-side analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is currently 22.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. KeyCorp increased their price target on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of nVent Electric in a report on Wednesday, October 8th. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Citigroup restated a “buy” rating on shares of nVent Electric in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $99.71.

About nVent Electric

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.