Intrust Bank NA Acquires 1,555 Shares of nVent Electric PLC $NVT

Intrust Bank NA grew its holdings in shares of nVent Electric PLC (NYSE:NVT) by 40.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,442 shares of the company’s stock after purchasing an additional 1,555 shares during the period. Intrust Bank NA’s holdings in nVent Electric were worth $399,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new position in nVent Electric during the 1st quarter valued at approximately $229,615,000. Massachusetts Financial Services Co. MA grew its stake in shares of nVent Electric by 146.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after acquiring an additional 1,896,749 shares during the last quarter. American Century Companies Inc. increased 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 acquiring an additional 1,388,578 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of nVent Electric by 29.5% in the 2nd 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. Finally, Valeo Financial Advisors LLC bought a new position in nVent Electric in the 2nd quarter worth about $48,443,000. 90.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other nVent Electric 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 value of $3,723,876.72. Following the transaction, the executive vice president directly owned 30,562 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This represents a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 153,500 shares of company stock valued at $17,306,795. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NVT. Royal Bank Of Canada raised their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. KeyCorp raised their price target 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. Barclays restated an “overweight” rating and issued a $130.00 price objective on shares of nVent Electric in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research note on Thursday, November 13th. Finally, Citigroup lifted their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, nVent Electric has an average rating of “Buy” and a consensus target price of $121.14.

nVent Electric Stock Up 0.3%

Shares of nVent Electric stock opened at $104.44 on Wednesday. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company’s 50 day moving average is $101.65 and its 200 day moving average is $85.27. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

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

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio is currently 22.04%.

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.