Annex Advisory Services LLC Purchases Shares of 3,552 nVent Electric PLC $NVT

Key Points

• Annex Advisory Services LLC has acquired a new stake in nVent Electric PLC, purchasing 3,552 shares valued at approximately $260,000 in the second quarter.
• Insiders at nVent Electric have sold a total of 261,111 shares valued at over $23 million in the last three months, indicating a significant reduction in their ownership.
• Analysts have upgraded their price targets for nVent Electric, with recommendations ranging from "hold" to "buy," reflecting positive sentiment towards the stock.

Annex Advisory Services LLC purchased a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,552 shares of the company's stock, valued at approximately $260,000.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in nVent Electric by 6.4% during the 4th quarter. ProShare Advisors LLC now owns 7,711 shares of the company's stock worth $526,000 after buying an additional 465 shares during the period. Squarepoint Ops LLC bought a new position in nVent Electric during the 4th quarter worth $704,000. Vident Advisory LLC increased its position in nVent Electric by 16.2% during the 4th quarter. Vident Advisory LLC now owns 4,714 shares of the company's stock worth $321,000 after buying an additional 657 shares during the period. Capital A Wealth Management LLC bought a new position in nVent Electric during the 4th quarter worth $27,000. Finally, Park Square Financial Group LLC bought a new position in nVent Electric during the 4th quarter worth $38,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the sale, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer owned 27,525 shares in the company, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock valued at $23,367,520 over the last three months. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

NVT has been the topic of several recent research reports. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup increased their price objective on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. KeyCorp raised their price target on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Roth Capital restated a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $90.43.

nVent Electric Stock Performance

Shares of NVT stock opened at $100.40 on Tuesday. The business's 50-day moving average price is $87.91 and its 200-day moving average price is $70.77. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $101.06. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.54 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period last year, the firm posted $0.82 earnings per share. The business's revenue for the quarter was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.8%. nVent Electric's dividend payout ratio is presently 22.79%.

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.

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