Ballentine Partners LLC Makes New $605,000 Investment in nVent Electric PLC $NVT

Key Points

• Ballentine Partners LLC invested $605,000 in nVent Electric PLC, acquiring 8,264 shares during the second quarter, as disclosed to the SEC.
• nVent Electric reported strong earnings with a quarterly EPS of $0.86, surpassing estimates, and had a revenue increase of 30.1% year-over-year, totaling $963.1 million.
• A recent dividend of $0.20 per share has been announced, with an upcoming ex-dividend date of October 17th, suggesting a yield of 0.8% for shareholders.

Ballentine Partners LLC bought a new position in nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,264 shares of the company's stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alliance Wealth Advisors LLC UT boosted its stake in nVent Electric by 1.1% in the first quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. boosted its stake in nVent Electric by 4.0% in the first quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after buying an additional 200 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of nVent Electric by 3.2% during the first quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after purchasing an additional 219 shares during the period. Parallel Advisors LLC boosted its stake in shares of nVent Electric by 15.6% during the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after purchasing an additional 230 shares during the period. Finally, TIAA Trust National Association boosted its stake in shares of nVent Electric by 6.3% during the first quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock valued at $219,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

Shares of NVT stock opened at $97.10 on Friday. The stock has a fifty day moving average of $89.64 and a 200 day moving average of $71.73. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $101.06. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.67 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, topping 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 company had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter last year, the firm posted $0.82 earnings per share. The firm's revenue 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. As a group, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.8%. nVent Electric's dividend payout ratio is 22.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group increased their price objective on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Barclays reissued an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Roth Capital reissued a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $90.43.

Insiders Place Their Bets

In other nVent Electric news, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director owned 15,070 shares in the company, valued at approximately $1,354,491.60. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction 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 completion of the transaction, the insider owned 66,640 shares of the company's stock, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

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.

Want to see what other hedge funds are holding NVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nVent Electric PLC (NYSE:NVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.