Yousif Capital Management LLC Sells 4,817 Shares of nVent Electric PLC $NVT

Yousif Capital Management LLC reduced its stake in nVent Electric PLC (NYSE:NVT) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,470 shares of the company’s stock after selling 4,817 shares during the quarter. Yousif Capital Management LLC’s holdings in nVent Electric were worth $5,176,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in nVent Electric during the 1st quarter worth approximately $25,000. 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 worth $32,000 after buying an additional 159 shares during the period. True Wealth Design LLC raised its stake in nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Manchester Capital Management LLC raised its stake in nVent Electric by 222.2% during 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 during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 434 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Greg Scheu sold 5,591 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the transaction, the director owned 14,348 shares in the company, valued at $1,492,765.92. This trade represents a 28.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Beth Wozniak sold 4,137 shares of nVent Electric stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. The trade was a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,228 shares of company stock worth $18,345,001 over the last ninety days. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NVT shares. Barclays increased their price target on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Royal Bank Of Canada upped their target price on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. KeyCorp raised their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, UBS Group initiated coverage on nVent Electric in a report on Thursday, November 20th. They set a “buy” rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $123.25.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $103.97 on Thursday. 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 PLC has a 52-week low of $41.71 and a 52-week high of $117.52. The business’s 50 day simple moving average is $105.11 and its two-hundred day simple moving average is $92.25. The firm has a market cap of $16.78 billion, a P/E ratio of 28.64, a PEG ratio of 1.28 and a beta of 1.32.

nVent Electric (NYSE:NVT) last released 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. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 34.8% on a year-over-year basis. 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. As a group, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, January 23rd. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. nVent Electric’s payout ratio is presently 22.04%.

nVent Electric Company Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.