Kingsview Wealth Management LLC Has $555,000 Stake in nVent Electric PLC $NVT

Kingsview Wealth Management LLC lifted its position in nVent Electric PLC (NYSE:NVT) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,582 shares of the company’s stock after buying an additional 1,160 shares during the quarter. Kingsview Wealth Management LLC’s holdings in nVent Electric were worth $555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in nVent Electric in the first quarter worth approximately $25,000. Trust Co. of Vermont raised its holdings in shares of nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. American National Bank & Trust bought a new stake in nVent Electric in the second quarter worth $46,000. Finally, SBI Securities Co. Ltd. increased its position in nVent Electric by 80.8% during the second quarter. SBI Securities Co. Ltd. now owns 651 shares of the company’s stock worth $48,000 after buying an additional 291 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NVT shares. Barclays reaffirmed an “overweight” rating and issued a $130.00 price target on shares of nVent Electric in a research report on Monday, November 3rd. UBS Group started coverage on nVent Electric in a research note on Thursday. They issued a “buy” rating and a $128.00 price objective on the stock. KeyCorp upped their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and a consensus price target of $122.00.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $100.49 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $102.09 and its two-hundred day moving average is $85.80. The company has a market cap of $16.22 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.40 and a beta of 1.40. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52.

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

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is currently 22.04%.

Insider Activity at nVent Electric

In related news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $110.35, for a total transaction of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares in the company, valued at $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 157,637 shares of company stock worth $17,763,313. 1.80% of the stock is owned by company insiders.

nVent Electric Profile

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.