nVent Electric (NYSE:NVT) Director Greg Scheu Sells 5,591 Shares

nVent Electric PLC (NYSE:NVT) Director Greg Scheu sold 5,591 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $104.04, for a total transaction of $581,687.64. Following the completion of the transaction, the director owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. This represents a 28.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

nVent Electric Price Performance

Shares of nVent Electric stock traded up $0.89 during trading on Tuesday, hitting $104.99. 2,500,805 shares of the company’s stock traded hands, compared to its average volume of 2,157,554. The company has a market cap of $16.94 billion, a PE ratio of 28.92, a PEG ratio of 1.39 and a beta of 1.40. The firm’s fifty day moving average price is $102.25 and its 200 day moving average price is $86.46. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) 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 analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup boosted their price target on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays restated an “overweight” rating and issued a $130.00 target price on shares of nVent Electric in a research note on Monday, November 3rd. The Goldman Sachs Group increased their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a report on Wednesday, November 19th. Finally, Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, nVent Electric presently has an average rating of “Buy” and an average price target of $122.00.

Institutional Investors Weigh In On nVent Electric

A number of hedge funds have recently added to or reduced their stakes in NVT. CI Investments Inc. grew its holdings in shares of nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after buying an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in nVent Electric by 0.9% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after acquiring an additional 98 shares in the last quarter. BCS Private Wealth Management Inc. grew its stake in nVent Electric by 1.5% in the third quarter. BCS Private Wealth Management Inc. now owns 6,631 shares of the company’s stock valued at $654,000 after acquiring an additional 100 shares during the period. NorthRock Partners LLC grew its stake in nVent Electric by 1.9% in the third quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after acquiring an additional 104 shares during the period. Finally, Fulton Bank N.A. increased its holdings in shares of nVent Electric by 1.1% in the third 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 in the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Company Profile

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.