nVent Electric PLC $NVT Shares Acquired by Champlain Investment Partners LLC

Champlain Investment Partners LLC raised its stake in nVent Electric PLC (NYSE:NVT) by 26.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,260,240 shares of the company’s stock after buying an additional 477,135 shares during the quarter. nVent Electric makes up about 1.2% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 21st largest holding. Champlain Investment Partners LLC owned about 1.40% of nVent Electric worth $165,563,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of nVent Electric during the second quarter valued at about $345,000. Jefferies Financial Group Inc. lifted its position in shares of nVent Electric by 59.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 104,400 shares of the company’s stock valued at $7,647,000 after acquiring an additional 38,722 shares during the last quarter. Eisler Capital Management Ltd. lifted its holdings in shares of nVent Electric by 2.3% during the second quarter. Eisler Capital Management Ltd. now owns 156,028 shares of the company’s stock valued at $11,445,000 after purchasing an additional 3,522 shares during the last quarter. Prudential Financial Inc. lifted its stake in nVent Electric by 136.7% during the second quarter. Prudential Financial Inc. now owns 205,946 shares of the company’s stock valued at $15,086,000 after buying an additional 118,927 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in nVent Electric by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 13,917 shares of the company’s stock worth $1,019,000 after purchasing an additional 169 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other news, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the chief accounting officer owned 26,400 shares in the company, valued at approximately $2,906,112. The trade was a 15.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the transaction, the executive vice president directly owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 157,637 shares of company stock valued at $17,763,313. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVT. KeyCorp raised their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a report on Wednesday. The Goldman Sachs Group upped their target price on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. UBS Group started coverage on nVent Electric in a report on Thursday. They set a “buy” rating and a $128.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One equities 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, the company has a consensus rating of “Buy” and a consensus price target of $122.00.

nVent Electric Stock Performance

NVT opened at $100.49 on Monday. 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’s 50 day moving average price is $102.09 and its two-hundred day moving average price is $86.16. The firm has a market capitalization of $16.22 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.39 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.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 EPS 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. 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, equities 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 declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio is 22.04%.

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.