nVent Electric PLC $NVT Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its stake in shares of nVent Electric PLC (NYSE:NVT) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,510 shares of the company’s stock after selling 6,550 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in nVent Electric were worth $3,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of nVent Electric by 173.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after purchasing an additional 33,549 shares during the last quarter. Letson Investment Management Inc. purchased a new position in shares of nVent Electric during the third quarter valued at approximately $209,000. Fifth Third Wealth Advisors LLC boosted its position in nVent Electric by 1.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,137 shares of the company’s stock worth $605,000 after acquiring an additional 113 shares during the last quarter. Fulton Bank N.A. grew its stake in nVent Electric by 1.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,242 shares of the company’s stock worth $1,010,000 after acquiring an additional 111 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. grew its stake in nVent Electric by 11.7% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 10,079 shares of the company’s stock worth $994,000 after acquiring an additional 1,059 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the transaction, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at $5,295,034.40. This represents a 7.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sara E. Zawoyski sold 115,557 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total value 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. This represents a 63.41% decrease in their ownership of the stock. 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 three months. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

NVT has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Barclays lifted their price target on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. The Goldman Sachs Group upped their price objective 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. Finally, Citigroup raised their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and a consensus target price of $123.25.

nVent Electric Stock Performance

Shares of NYSE:NVT opened at $106.37 on Thursday. The business’s 50-day simple moving average is $105.80 and its 200 day simple moving average is $94.72. The company has a market cap of $17.16 billion, a P/E ratio of 29.30, a PEG ratio of 1.12 and a beta of 1.34. 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 one year low of $41.71 and a one year high of $117.52.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share 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 return on equity of 14.29% and a net margin of 16.83%.nVent Electric’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.21 per share. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 annualized dividend and a 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.