First Eagle Investment Management LLC Purchases New Shares in nVent Electric PLC $NVT

First Eagle Investment Management LLC acquired a new position in shares of nVent Electric PLC (NYSE:NVT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,053 shares of the company’s stock, valued at approximately $590,000.

A number of other hedge funds have also bought and sold shares of NVT. Nuveen LLC bought a new stake in shares of nVent Electric in the 1st quarter worth about $229,615,000. American Century Companies Inc. raised its position in nVent Electric by 1,869.8% in the 1st 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 period. William Blair Investment Management LLC lifted its stake in nVent Electric by 29.5% in 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 shares of nVent Electric during the second quarter valued at approximately $48,443,000. Finally, Fiduciary Management Inc. WI grew its stake 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. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Up 0.9%

Shares of nVent Electric stock opened at $110.91 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.50 and a beta of 1.40. The firm’s 50-day moving average is $99.33 and its two-hundred day moving average is $82.71. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The company’s revenue was up 34.8% compared to the same quarter last year. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. As a group, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 32,943 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the sale, the executive vice president owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This trade represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the transaction, the insider owned 66,680 shares of the company’s stock, valued at $7,520,170.40. This represents a 63.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 220,365 shares of company stock worth $23,291,204. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVT has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Barclays restated an “overweight” rating and issued a $130.00 price target on shares of nVent Electric in a report on Monday, November 3rd. Citigroup raised their price target on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, KeyCorp boosted their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, nVent Electric presently has an average rating of “Buy” and a consensus price target of $121.14.

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.