nVent Electric PLC $NVT Holdings Decreased by Vontobel Holding Ltd.
by Michael Walen · The Markets DailyVontobel Holding Ltd. reduced its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 1.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 525,460 shares of the company’s stock after selling 6,395 shares during the period. Vontobel Holding Ltd.’s holdings in nVent Electric were worth $51,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the business. SVB Wealth LLC bought a new stake in nVent Electric during the first quarter worth approximately $25,000. Trust Co. of Vermont raised its holdings in nVent Electric by 57.8% during the 2nd 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 holdings in shares of nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in nVent Electric by 522.9% in the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 434 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
nVent Electric Trading Up 0.8%
Shares of NVT stock opened at $103.59 on Wednesday. The company has a market capitalization of $16.72 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.27 and a beta of 1.32. nVent Electric PLC has a 12-month low of $41.71 and a 12-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 firm has a 50-day moving average price of $105.05 and a 200 day moving average price of $92.16.
nVent Electric (NYSE:NVT – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.63 earnings per share. The company’s 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. Research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.
nVent Electric Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a $0.21 dividend. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s payout ratio is presently 22.04%.
Wall Street Analyst Weigh In
A number of brokerages have commented on NVT. Citigroup boosted their target price on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a report on Monday. The Goldman Sachs Group increased 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. UBS Group began coverage on nVent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $128.00 target price on the stock. Finally, KeyCorp upped their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $123.25.
Check Out Our Latest Stock Report on nVent Electric
Insider Activity at nVent Electric
In other news, insider Sara E. Zawoyski sold 115,557 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was 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 in the company, valued at approximately $3,454,728.48. This trade represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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 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.
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