nVent Electric (NYSE:NVT) CEO Beth Wozniak Sells 4,137 Shares of Stock

nVent Electric PLC (NYSE:NVT) CEO Beth Wozniak sold 4,137 shares of nVent Electric 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

nVent Electric Price Performance

NYSE:NVT traded down $1.03 during mid-day trading on Friday, reaching $100.49. 4,005,587 shares of the company were exchanged, compared to its average volume of 2,472,833. 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 $16.22 billion, a PE ratio of 27.68, a PEG ratio of 1.40 and a beta of 1.40. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a fifty day moving average of $102.09 and a 200 day moving average of $85.80.

nVent Electric (NYSE:NVT) 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. 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%. nVent Electric’s revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. 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, research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s payout ratio is currently 22.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NVT shares. Royal Bank Of Canada lifted their price target on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a report on Wednesday. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Roth Capital restated a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Citigroup lifted their price objective on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $122.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVT. XTX Topco Ltd grew its holdings in nVent Electric by 192.2% during the first quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock worth $644,000 after purchasing an additional 8,080 shares during the period. Hsbc Holdings PLC lifted its position in shares of nVent Electric by 32.4% in the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company’s stock valued at $2,623,000 after buying an additional 12,386 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of nVent Electric by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after acquiring an additional 4,427 shares during the period. Strs Ohio bought a new position in shares of nVent Electric during the 1st quarter worth approximately $5,294,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of nVent Electric during the 2nd quarter worth approximately $322,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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.