Cookson Peirce & Co. Inc. Takes $905,000 Position in nVent Electric PLC $NVT

Cookson Peirce & Co. Inc. purchased a new stake in shares of nVent Electric PLC (NYSE:NVT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,357 shares of the company’s stock, valued at approximately $905,000.

A number of other institutional investors have also recently made changes to their positions in NVT. Nuveen LLC purchased a new stake in shares of nVent Electric during the first quarter valued at approximately $229,615,000. American Century Companies Inc. grew its holdings in shares of 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 valued at $76,682,000 after buying an additional 1,388,578 shares during the last quarter. William Blair Investment Management LLC grew its holdings 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 last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of nVent Electric during the second quarter valued at approximately $48,443,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after buying an additional 585,449 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the topic of several research reports. Roth Capital restated a “buy” rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup restated a “buy” rating on shares of nVent Electric in a report on Thursday, October 9th. 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. Weiss Ratings restated a “hold (c+)” rating on shares of nVent Electric in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $99.71.

Insider Activity

In other news, CEO Beth Wozniak sold 42,331 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total transaction of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares in the company, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is currently owned by insiders.

nVent Electric Trading Down 2.8%

Shares of NVT stock opened at $96.89 on Thursday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $102.31. The firm has a fifty day moving average price of $95.02 and a 200-day moving average price of $77.19. 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 cap of $15.59 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.48 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 (EPS) 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 firm had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. 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 predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.79%.

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.