HM Payson & Co. Cuts Stock Holdings in nVent Electric PLC $NVT

HM Payson & Co. reduced its position in nVent Electric PLC (NYSE:NVT) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 593,580 shares of the company’s stock after selling 112,395 shares during the period. HM Payson & Co.’s holdings in nVent Electric were worth $58,551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NVT. Trust Co. of Vermont boosted 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 last quarter. True Wealth Design LLC raised its position in nVent Electric by 1,202.9% in the 2nd 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 lifted its stake in nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Headlands Technologies LLC boosted its holdings in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after acquiring an additional 434 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in shares of nVent Electric in the second quarter worth approximately $46,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $104.15 on Monday. The stock’s fifty day moving average is $105.27 and its 200 day moving average is $92.92. nVent Electric PLC has a one year low of $41.71 and a one year 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. The stock has a market cap of $16.81 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.28 and a beta of 1.32.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. The business’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. Sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 32,943 shares of nVent Electric stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total transaction 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. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 115,557 shares of nVent Electric stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the transaction, the insider owned 66,680 shares in the company, valued at approximately $7,520,170.40. This trade represents a 63.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, 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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVT. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. UBS Group initiated coverage on shares of nVent Electric in a research note on Thursday, November 20th. They set a “buy” rating and a $128.00 target price for the company. Roth Capital restated a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. The Goldman Sachs Group upped their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Citigroup raised their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, nVent Electric currently has an average rating of “Buy” and a consensus price target of $123.25.

nVent Electric 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.