nVent Electric (NYSE:NVT) CAO Randolph Wacker Sells 5,000 Shares

nVent Electric PLC (NYSE:NVT) CAO Randolph Wacker sold 5,000 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

nVent Electric Trading Up 0.9%

Shares of NYSE NVT traded up $0.94 during mid-day trading on Friday, hitting $110.91. 1,745,464 shares of the company traded hands, compared to its average volume of 2,133,967. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.52 and a beta of 1.40. The business has a 50 day moving average of $98.91 and a two-hundred day moving average of $81.84.

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 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.63 EPS. nVent Electric’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. FY 2025 guidance at 3.310-3.330 EPS. On average, sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, KeyCorp lifted their price objective on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $121.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC acquired a new position in nVent Electric during the first quarter worth $25,000. Global Trust Asset Management LLC bought a new stake in shares of nVent Electric during the 3rd quarter worth about $30,000. Root Financial Partners LLC acquired a new position in shares of nVent Electric during the 3rd quarter valued at about $31,000. Trust Co. of Vermont raised its stake in shares of nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after acquiring an additional 159 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings 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 purchasing an additional 409 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.