nVent Electric PLC $NVT Shares Bought by Hollencrest Capital Management

Hollencrest Capital Management raised its position in nVent Electric PLC (NYSE:NVT) by 378,500.0% in the third quarter, Holdings Channel reports. The fund owned 7,572 shares of the company’s stock after buying an additional 7,570 shares during the period. Hollencrest Capital Management’s holdings in nVent Electric were worth $747,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after purchasing an additional 23,606 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after buying an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of nVent Electric by 436.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after acquiring an additional 872 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of nVent Electric by 65.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,302 shares of the company’s stock valued at $242,000 after acquiring an additional 1,306 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of nVent Electric by 26.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,542 shares of the company’s stock valued at $259,000 after acquiring an additional 731 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NVT shares. The Goldman Sachs Group upped their price target on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $136.00 price target on shares of nVent Electric in a research note on Thursday, January 15th. KeyCorp boosted their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $123.63.

Insider Buying and Selling

In other nVent Electric news, CAO Randolph A. Wacker sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer owned 26,400 shares of the company’s stock, valued at $2,906,112. This represents a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Scheu sold 5,591 shares of the business’s stock in a transaction dated 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 directly owned 14,348 shares of the company’s stock, valued at $1,492,765.92. The trade was a 28.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,228 shares of company stock worth $18,345,001 in the last three months. Company insiders own 2.50% of the company’s stock.

nVent Electric Stock Up 0.9%

nVent Electric stock opened at $114.15 on Thursday. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.21 and a beta of 1.34. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $105.94 and a two-hundred day moving average of $98.48. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $117.52.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 net margin of 16.83% and a return on equity of 14.29%. nVent Electric’s revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. 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, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be issued a dividend of $0.21 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s dividend payout ratio is currently 23.14%.

nVent Electric Company Profile

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.