nVent Electric (NYSE:NVT) CAO Randolph Wacker Sells 5,000 Shares

nVent Electric PLC (NYSE:NVT) CAO Randolph Wacker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the sale, the chief accounting officer owned 26,400 shares of the company’s stock, valued at $2,906,112. The trade was a 15.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

nVent Electric Stock Up 0.9%

Shares of NYSE NVT opened at $110.91 on Friday. The stock has a market capitalization of $17.90 billion, a P/E ratio of 30.55, a PEG ratio of 1.49 and a beta of 1.40. nVent Electric PLC has a one year low of $41.71 and a one year high of $117.52. The firm’s 50 day simple moving average is $99.33 and its two-hundred day simple moving average is $82.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $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. As a group, analysts expect that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 17th were issued a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is currently 22.04%.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new position in nVent Electric during the 3rd quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of nVent Electric during the 3rd quarter valued at about $31,000. First Horizon Corp bought a new stake in shares of nVent Electric during the 3rd quarter valued at about $41,000. Trust Co. of Vermont increased its position in shares of nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 159 shares during the period. Finally, Manchester Capital Management LLC raised its stake in nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVT shares. KeyCorp boosted their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. 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 data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.