HM Payson & Co. Sells 112,395 Shares of nVent Electric PLC $NVT

HM Payson & Co. cut its stake in nVent Electric PLC (NYSE:NVT) by 15.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 593,580 shares of the company’s stock after selling 112,395 shares during the period. HM Payson & Co. owned about 0.37% of nVent Electric worth $58,551,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NVT. Northwestern Mutual Wealth Management Co. grew its position in nVent Electric by 24.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,885 shares of the company’s stock valued at $413,000 after acquiring an additional 1,573 shares during the last quarter. Vident Advisory LLC raised its position in nVent Electric by 11.6% in the 1st quarter. Vident Advisory LLC now owns 5,261 shares of the company’s stock worth $276,000 after purchasing an additional 547 shares during the period. DRW Securities LLC bought a new stake in nVent Electric in the first quarter worth $2,545,000. Royal Bank of Canada boosted its position in nVent Electric by 7.0% during the first quarter. Royal Bank of Canada now owns 567,297 shares of the company’s stock valued at $29,737,000 after buying an additional 37,233 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in nVent Electric during the first quarter valued at about $13,678,000. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Up 0.2%

NVT stock opened at $104.15 on Monday. 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 fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The business’s 50 day moving average price is $105.27 and its two-hundred day moving average price is $92.92.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results 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. The company had revenue of $1.05 billion for 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%.The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm 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, 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 announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, January 23rd. This is a positive change 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 dividend payout ratio (DPR) is 22.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. 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 note on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 22nd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada boosted their target price on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $123.25.

Insider Transactions at nVent Electric

In other news, CAO Randolph A. Wacker sold 5,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Beth Wozniak sold 4,137 shares of the firm’s stock in a transaction 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 owned 47,984 shares of the company’s stock, valued at $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 163,228 shares of company stock worth $18,345,001. Company insiders own 2.50% of the company’s stock.

About nVent Electric

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.