Blair William & Co. IL Has $362,000 Stock Position in nVent Electric PLC $NVT

Key Points

• Blair William & Co. IL reduced its stake in nVent Electric PLC by 56.5%, ending the quarter with 4,940 shares worth $362,000.
• Insider sales included EVP Jon D. Lammers selling over 119,000 shares for approximately $10.71 million, reflecting a 62.83% decrease in his position.
• Analysts generally view nVent Electric positively, with a consensus rating of "Buy" and an average target price of $99.71.

Blair William & Co. IL decreased its position in nVent Electric PLC (NYSE:NVT - Free Report) by 56.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,940 shares of the company's stock after selling 6,419 shares during the period. Blair William & Co. IL's holdings in nVent Electric were worth $362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont grew its holdings 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 buying an additional 159 shares during the period. SVB Wealth LLC acquired a new position in shares of nVent Electric in the 1st quarter valued at $25,000. American National Bank & Trust acquired a new position in nVent Electric in the 2nd quarter worth $46,000. Hughes Financial Services LLC acquired a new position in nVent Electric in the 1st quarter worth $36,000. Finally, First Horizon Advisors Inc. boosted its stake in nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock worth $43,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the transaction, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This represents a 62.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Herbert K. Parker sold 20,597 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction 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 trade represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock worth $23,367,520 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVT. Barclays upped their target price on shares of nVent Electric from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Citigroup reaffirmed a "buy" rating on shares of nVent Electric in a research note on Thursday, October 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $99.71.

nVent Electric Stock Down 1.2%

Shares of NVT stock opened at $99.34 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The firm's 50-day moving average is $94.52 and its 200-day moving average is $76.17. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.49 and a beta of 1.38. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $102.31.

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

nVent Electric Dividend Announcement

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

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.

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