Cookson Peirce & Co. Inc. Purchases Shares of 12,357 nVent Electric PLC $NVT

Key Points

• Cookson Peirce & Co. Inc. purchased 12,357 shares of nVent Electric PLC for approximately $905,000 in the second quarter, as revealed in their 13F filing.
• nVent Electric has seen significant insider selling, with executives disposing of over 261,000 shares in the last ninety days, indicating a potential decrease in ownership confidence.
• Analysts have a consensus rating of "Buy" for nVent Electric, with the company's stock target price increasing to a projected $99.71.

Cookson Peirce & Co. Inc. purchased a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,357 shares of the company's stock, valued at approximately $905,000.

Several other institutional investors have also added to or reduced their stakes in NVT. Nuveen LLC purchased a new stake in nVent Electric during the first quarter valued at about $229,615,000. American Century Companies Inc. boosted its position in nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after buying an additional 1,388,578 shares during the period. William Blair Investment Management LLC boosted its position in nVent Electric by 29.5% during the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company's stock valued at $228,096,000 after buying an additional 709,464 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of nVent Electric during the second quarter valued at about $48,443,000. Finally, Fiduciary Management Inc. WI raised its stake in shares of nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock valued at $111,142,000 after acquiring an additional 585,449 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the transaction, the executive vice president owned 12,063 shares of the company's stock, valued at approximately $1,085,670. This trade represents a 67.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jon D. Lammers sold 119,694 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the transaction, the executive vice president directly owned 70,817 shares of the company's stock, valued at $6,336,705.16. This represents a 62.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVT. 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. Barclays upped their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of nVent Electric in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, nVent Electric has a consensus rating of "Buy" and a consensus target price of $99.71.

nVent Electric Price Performance

NVT stock opened at $96.89 on Thursday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $102.31. The company has a market cap of $15.59 billion, a P/E ratio of 27.60, a PEG ratio of 1.48 and a beta of 1.38. The firm has a 50-day moving average of $95.02 and a 200 day moving average of $77.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same period in the prior year, the firm earned $0.82 earnings per share. nVent Electric'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. On average, sell-side analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric's dividend payout ratio (DPR) is currently 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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