Copeland Capital Management LLC Cuts Position in nVent Electric PLC $NVT

Key Points

• Copeland Capital Management LLC has reduced its stake in nVent Electric PLC by 10.5%, owning 505,035 shares valued at approximately $36.99 million as of its latest SEC filing.
• nVent Electric received multiple positive analyst ratings, with several institutions raising their price targets, including Barclays increasing it to $115.00, reflecting growing confidence in the stock.
• The company announced a quarterly dividend of $0.20 per share, with a record date of October 17th, indicating a stable return for investors amidst its strong financial performance.

Copeland Capital Management LLC lowered its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 10.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 505,035 shares of the company's stock after selling 59,283 shares during the quarter. Copeland Capital Management LLC owned 0.31% of nVent Electric worth $36,994,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. PFG Investments LLC lifted its stake in shares of nVent Electric by 2.7% in the second quarter. PFG Investments LLC now owns 5,020 shares of the company's stock valued at $368,000 after purchasing an additional 132 shares during the period. Alliance Wealth Advisors LLC UT grew its position in nVent Electric by 1.1% during 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 during the period. Trust Co. of Vermont increased its holdings in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. lifted its position in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after acquiring an additional 200 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of nVent Electric by 2.1% during the 2nd quarter. HB Wealth Management LLC now owns 10,002 shares of the company's stock worth $733,000 after acquiring an additional 203 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVT has been the subject of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. KeyCorp raised their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Barclays increased 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. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Citigroup increased their target price on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $95.43.

Insider Transactions at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total value of $2,208,060.00. Following the transaction, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 66,640 shares of the company's stock, valued at $5,966,945.60. This represents a 24.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 1.80% of the company's stock.

nVent Electric Trading Down 0.7%

Shares of NVT stock opened at $99.42 on Friday. The stock has a fifty day moving average of $91.46 and a two-hundred day moving average of $72.91. The firm has a market capitalization of $16.00 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $101.77.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 13.36% and a net margin of 17.72%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last 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. As a group, research analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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