Los Angeles Capital Management LLC Invests $805,000 in nVent Electric PLC $NVT

Los Angeles Capital Management LLC bought a new position in nVent Electric PLC (NYSE:NVT) during the second quarter, HoldingsChannel reports. The fund bought 10,996 shares of the company’s stock, valued at approximately $805,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. SVB Wealth LLC bought a new stake in nVent Electric during the first quarter valued at about $25,000. Trust Co. of Vermont lifted its position 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 buying an additional 159 shares in the last quarter. True Wealth Design LLC lifted its position in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. American National Bank & Trust bought a new position in shares of nVent Electric during the 2nd quarter valued at approximately $46,000. Finally, Allworth Financial LP increased its holdings in nVent Electric by 39.9% in the 1st quarter. Allworth Financial LP now owns 876 shares of the company’s stock worth $48,000 after acquiring an additional 250 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at nVent Electric

In other news, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the sale, the insider directly owned 66,680 shares of the company’s stock, valued at $7,520,170.40. This represents a 63.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lynnette R. Heath sold 32,943 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total value of $3,723,876.72. Following the transaction, the executive vice president owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This represents a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 195,831 shares of company stock valued at $21,083,144 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NVT shares. The Goldman Sachs Group raised their target price 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. Weiss Ratings raised shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. KeyCorp lifted their target price on shares of 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 upped their target price on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Barclays reiterated an “overweight” rating and issued a $130.00 price target on shares of nVent Electric in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $121.14.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $105.80 on Friday. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 1.51 and a beta of 1.40. The firm has a fifty day moving average price of $100.89 and a 200 day moving average price of $83.85. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57.

nVent Electric (NYSE:NVT) last announced its quarterly 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. The company had revenue of $1.05 billion for 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%. nVent Electric’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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