nVent Electric PLC $NVT Position Lifted by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its stake in shares of nVent Electric PLC (NYSE:NVT) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,859 shares of the company’s stock after acquiring an additional 2,026 shares during the period. Sendero Wealth Management LLC’s holdings in nVent Electric were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NVT. Valeo Financial Advisors LLC bought a new position in shares of nVent Electric during the second quarter worth about $48,443,000. QRG Capital Management Inc. raised its stake in nVent Electric by 6.2% during the second quarter. QRG Capital Management Inc. now owns 4,637 shares of the company’s stock valued at $340,000 after buying an additional 269 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in nVent Electric by 31.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 44,060 shares of the company’s stock valued at $3,227,000 after buying an additional 10,600 shares in the last quarter. Mountain Pacific Investment Advisers LLC lifted its holdings in nVent Electric by 0.7% during the 2nd quarter. Mountain Pacific Investment Advisers LLC now owns 209,717 shares of the company’s stock worth $15,362,000 after buying an additional 1,529 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in shares of nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, CAO Randolph A. Wacker sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the transaction, the chief accounting officer directly owned 27,525 shares in the company, valued at $2,452,202.25. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lynnette R. Heath sold 17,853 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total value of $1,594,808.49. Following the sale, the executive vice president directly owned 30,512 shares in the company, valued at approximately $2,725,636.96. The trade was a 36.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,111 shares of company stock worth $23,367,520. Company insiders own 2.50% of the company’s stock.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $97.89 on Monday. The firm’s 50 day moving average is $91.85 and its two-hundred day moving average is $73.43. The firm has a market capitalization of $15.76 billion, a P/E ratio of 27.89, a PEG ratio of 1.45 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $101.76.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million for the quarter, compared to analysts’ expectations of $906.96 million. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue 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. Analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be given 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 payout ratio is 22.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $102.00 price target (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays increased 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. Citigroup raised their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, KeyCorp raised their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $95.43.

nVent Electric Company 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.