Greg Scheu Sells 5,591 Shares of nVent Electric (NYSE:NVT) Stock

nVent Electric PLC (NYSE:NVT) Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $104.04, for a total transaction of $581,687.64. Following the completion of the transaction, the director directly owned 14,348 shares in the company, valued at approximately $1,492,765.92. The trade was a 28.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

nVent Electric Stock Up 0.9%

Shares of NVT stock traded up $0.89 during trading hours on Tuesday, hitting $104.99. 2,500,805 shares of the company were exchanged, compared to its average volume of 2,157,554. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $117.52. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $102.25 and a two-hundred day moving average of $86.46. The company has a market capitalization of $16.94 billion, a PE ratio of 28.92, a PEG ratio of 1.39 and a beta of 1.40.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $1.05 billion for 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% 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. Analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Hedge Funds Weigh In On nVent Electric

Several hedge funds and other institutional investors have recently made changes to their positions in NVT. SVB Wealth LLC acquired a new position in nVent Electric during the first quarter worth $25,000. Global Trust Asset Management LLC bought a new position in shares of nVent Electric in the 3rd quarter valued at about $30,000. Root Financial Partners LLC acquired a new position in shares of nVent Electric during the 3rd quarter worth about $31,000. Trust Co. of Vermont raised its holdings 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 valued at $32,000 after purchasing an additional 159 shares during the period. Finally, True Wealth Design LLC lifted its stake in 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. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVT. The Goldman Sachs Group lifted their target price on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. KeyCorp lifted their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. UBS Group began coverage on shares of nVent Electric in a research report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective on the stock. Barclays reaffirmed an “overweight” rating and issued a $130.00 target price on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Citigroup lifted their price target on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average target price of $122.00.

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.