nVent Electric PLC $NVT Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 136.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 205,946 shares of the company’s stock after purchasing an additional 118,927 shares during the period. Prudential Financial Inc.’s holdings in nVent Electric were worth $15,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new stake in shares of nVent Electric during the first quarter worth about $25,000. Trust Co. of Vermont raised its position 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 purchasing an additional 159 shares during the last quarter. True Wealth Design LLC boosted its stake 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 in the last quarter. American National Bank & Trust acquired a new stake in nVent Electric in the 2nd quarter worth approximately $46,000. Finally, SBI Securities Co. Ltd. grew its position in nVent Electric by 80.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 651 shares of the company’s stock worth $48,000 after purchasing an additional 291 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Trading Up 1.6%

Shares of NYSE:NVT opened at $106.66 on Thursday. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. The company has a market capitalization of $17.21 billion, a PE ratio of 29.38, a PEG ratio of 1.45 and a beta of 1.40. The business has a 50 day moving average of $102.63 and a two-hundred day moving average of $86.91. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business 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%. The business’s revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, analysts forecast that nVent Electric PLC will post 3.04 EPS for the current 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 $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 payout ratio is presently 22.04%.

Insiders Place Their Bets

In related news, CEO Beth Wozniak sold 4,137 shares of nVent Electric stock in a transaction dated Thursday, November 20th. The stock was 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 owned 47,984 shares in the company, valued at $5,295,034.40. The trade was a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg Scheu sold 5,591 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $104.04, for a total value 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 163,228 shares of company stock valued at $18,345,001. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on NVT shares. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research report on Tuesday. UBS Group assumed coverage on nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective on the stock. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Citigroup upped their target price on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $122.00.

nVent Electric 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.