nVent Electric PLC $NVT Shares Sold by Walleye Capital LLC

Walleye Capital LLC decreased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 84.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,727 shares of the company’s stock after selling 216,445 shares during the quarter. Walleye Capital LLC’s holdings in nVent Electric were worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NVT. Nuveen LLC acquired a new stake in shares of nVent Electric in the first quarter valued at about $229,615,000. Norges Bank acquired a new stake in nVent Electric in the second quarter valued at $234,290,000. Massachusetts Financial Services Co. MA lifted its position in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after purchasing an additional 1,896,749 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in nVent Electric by 29.5% during the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock worth $228,096,000 after buying an additional 709,464 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in nVent Electric by 26.8% in the second quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock worth $165,563,000 after purchasing an additional 477,135 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. 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 report on Monday, November 3rd. UBS Group assumed coverage on nVent Electric in a report on Thursday, November 20th. They set a “buy” rating and a $128.00 target price for the company. Roth Capital reiterated a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada upped their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $123.25.

Insider Buying and Selling at nVent Electric

In related news, insider Sara E. Zawoyski sold 115,557 shares of the business’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 owned 66,680 shares of the company’s stock, valued at $7,520,170.40. The trade was a 63.41% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 directly owned 30,562 shares of the company’s stock, valued at approximately $3,454,728.48. The trade was a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 163,228 shares of company stock valued at $18,345,001. 2.50% of the stock is currently owned by company insiders.

nVent Electric Stock Performance

NVT opened at $107.75 on Monday. 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’s 50 day moving average is $103.81 and its 200-day moving average is $89.01. The stock has a market cap of $17.39 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm’s revenue was up 34.8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. On average, analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

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 dividend payout ratio (DPR) is 22.04%.

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.