16,353 Shares of nVent Electric PLC $NVT Bought by Inspire Investing LLC

Key Points

• Inspire Investing acquired 16,353 shares of nVent Electric in the third quarter, valued at approximately $2.6 million. Institutional investors collectively own 90.05% of the company.
• Analysts maintain a broadly positive outlook, with nVent carrying a consensus “Buy” rating and an average price target of $198.82.
• nVent reported quarterly EPS of $1.45 and revenue of $1.47 billion, beating estimates and marking 52.8% year-over-year revenue growth. The company also declared a quarterly dividend of $0.21 per share.

Inspire Investing LLC bought a new stake in nVent Electric PLC (NYSE:NVT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,353 shares of the company's stock, valued at approximately $2,623,000.

Other hedge funds have also modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings in nVent Electric by 554.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 216 shares of the company's stock worth $37,000 after acquiring an additional 183 shares during the period. MCF Advisors LLC grew its position in nVent Electric by 236.1% in the second quarter. MCF Advisors LLC now owns 242 shares of the company's stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Financial Consulate Inc. raised its stake in shares of nVent Electric by 1,431.2% during the second quarter. Financial Consulate Inc. now owns 245 shares of the company's stock valued at $42,000 after purchasing an additional 229 shares during the period. Marquette Asset Management LLC raised its stake in shares of nVent Electric by 531.9% during the third quarter. Marquette Asset Management LLC now owns 297 shares of the company's stock valued at $48,000 after purchasing an additional 250 shares during the period. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in shares of nVent Electric during the third quarter valued at approximately $55,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of nVent Electric in a report on Friday, October 2nd. Clear Str raised shares of nVent Electric to a "strong-buy" rating in a research note on Monday, July 13th. Wells Fargo & Company assumed coverage on shares of nVent Electric in a report on Thursday, September 24th. They issued an "equal weight" rating and a $182.00 price objective on the stock. Weiss Ratings cut shares of nVent Electric from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Finally, Robert W. Baird upped their price objective on shares of nVent Electric from $188.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $198.82.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at $9,143,725.04. This represents a 45.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Randolph Wacker sold 22,525 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer directly owned 27,441 shares of the company's stock, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,644 shares of company stock worth $12,276,886 in the last ninety days. 1.70% of the stock is owned by insiders.

nVent Electric Price Performance

NVT stock opened at $125.42 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. nVent Electric PLC has a 52-week low of $93.22 and a 52-week high of $184.64. The stock's 50 day moving average is $155.70 and its two-hundred day moving average is $156.88. The company has a market capitalization of $20.30 billion, a PE ratio of 34.27, a P/E/G ratio of 0.68 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the business posted $0.86 EPS. The business's revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Analysts predict that nVent Electric PLC will post 5.16 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 23rd. nVent Electric's dividend payout ratio is 22.95%.

About nVent Electric

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.

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