Ellevest Inc. Takes Position in nVent Electric PLC $NVT

Ellevest Inc. bought a new position in shares of nVent Electric PLC (NYSE:NVT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,974 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of nVent Electric in the 1st quarter valued at $25,000. American National Bank & Trust purchased a new position in shares of nVent Electric in the 2nd quarter valued at $46,000. Hughes Financial Services LLC acquired a new stake in nVent Electric during the 1st quarter worth $36,000. Finally, Huntington National Bank lifted its position in nVent Electric by 57.0% in the second quarter. Huntington National Bank now owns 683 shares of the company’s stock valued at $50,000 after acquiring an additional 248 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Stock Down 2.3%

nVent Electric stock opened at $109.90 on Friday. The stock has a 50 day moving average of $98.91 and a two-hundred day moving average of $81.84. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.52 and a beta of 1.40. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter 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 year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup raised their price objective on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp upped their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Roth Capital reaffirmed a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a research report on Monday. Royal Bank Of Canada increased their price objective on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $121.14.

Insider Activity

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the transaction, the executive vice president directly owned 12,063 shares in the company, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares of the company’s stock, valued at $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 99,808 shares of company stock valued at $9,708,285 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.