Nordea Investment Management AB Purchases 11,804 Shares of nVent Electric PLC $NVT

Nordea Investment Management AB raised its position in shares of nVent Electric PLC (NYSE:NVT) by 10.0% in the third quarter, Holdings Channel reports. The fund owned 129,655 shares of the company’s stock after buying an additional 11,804 shares during the quarter. Nordea Investment Management AB’s holdings in nVent Electric were worth $12,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of nVent Electric during the 2nd quarter worth about $234,290,000. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 1,896,749 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of nVent Electric by 29.5% during the second 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. Champlain Investment Partners LLC boosted its position in shares of nVent Electric by 26.8% in the second quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock valued at $165,563,000 after acquiring an additional 477,135 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of nVent Electric by 2.5% in the second quarter. Johnson Investment Counsel Inc. now owns 1,747,061 shares of the company’s stock worth $127,972,000 after acquiring an additional 43,036 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVT has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $136.00 price target on shares of nVent Electric in a research note on Thursday. Finally, KeyCorp upped their price target on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. 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, the company has a consensus rating of “Buy” and an average price target of $123.63.

nVent Electric Stock Performance

NYSE NVT opened at $107.95 on Friday. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The stock has a market cap of $17.42 billion, a P/E ratio of 29.74, a PEG ratio of 1.12 and a beta of 1.34. The company’s 50-day simple moving average is $105.21 and its 200 day simple moving average is $95.95.

nVent Electric (NYSE:NVT) last announced 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. The firm had revenue of $1.05 billion during 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 company’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. 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 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

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

Insider Transactions at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 66,680 shares in the company, valued at $7,520,170.40. This represents a 63.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the chief accounting officer owned 26,400 shares in the company, valued at $2,906,112. This represents a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 163,228 shares of company stock valued at $18,345,001. 1.80% of the stock is owned by insiders.

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.