Envestnet Asset Management Inc. Lowers Position in nVent Electric PLC $NVT

Key Points

• Envestnet Asset Management cut its nVent Electric position by 12.3% in the second quarter, selling 70,505 shares and retaining 505,003 shares worth approximately $85.7 million. Institutional investors collectively own 90.05% of the company.
• nVent reported strong quarterly results, with EPS of $1.45 versus the $1.16 consensus and revenue of $1.47 billion, up 52.8% year over year. The company issued third-quarter EPS guidance of $1.35–$1.38 and full-year guidance of $5.00–$5.10.
• Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $198.67 versus its $164.30 opening price. nVent also declared a quarterly dividend of $0.21 per share, representing a 0.5% yield.

Envestnet Asset Management Inc. lowered its position in nVent Electric PLC (NYSE:NVT - Free Report) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 505,003 shares of the company's stock after selling 70,505 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of nVent Electric worth $85,654,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company's stock worth $901,159,000 after purchasing an additional 250,248 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in nVent Electric by 16.8% in the second quarter. Sequoia Financial Advisors LLC now owns 76,540 shares of the company's stock worth $12,982,000 after acquiring an additional 11,033 shares in the last quarter. Tidal Investments LLC boosted its holdings in nVent Electric by 56.3% in the second quarter. Tidal Investments LLC now owns 369,496 shares of the company's stock worth $62,670,000 after acquiring an additional 133,117 shares in the last quarter. MCF Advisors LLC boosted its holdings in nVent Electric by 236.1% in the second quarter. MCF Advisors LLC now owns 242 shares of the company's stock worth $41,000 after acquiring an additional 170 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of nVent Electric during the second quarter worth about $475,000. Institutional investors own 90.05% of the company's stock.

Insider Activity

In other news, insider Robert van der Kolk sold 5,858 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the sale, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Randolph Wacker sold 22,525 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the sale, the chief accounting officer directly owned 27,441 shares in the company, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 74,644 shares of company stock valued at $12,276,886 in the last quarter. 1.70% of the stock is currently owned by company insiders.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $164.30 on Friday. nVent Electric PLC has a twelve month low of $93.22 and a twelve month high of $184.64. The company's 50 day moving average is $156.87 and its 200 day moving average is $151.48. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The company has a market cap of $26.59 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.38 and a beta of 1.36.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the business posted $0.86 EPS. The business's quarterly revenue was up 52.8% compared to the same quarter last year. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, sell-side analysts forecast that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 23rd. nVent Electric's payout ratio is 22.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of nVent Electric from $188.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Seaport Research Partners reiterated a "buy" rating and issued a $215.00 target price on shares of nVent Electric in a research note on Monday, August 3rd. Roth Capital reissued a "buy" rating and set a $210.00 target price (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Wolfe Research restated an "outperform" rating and set a $191.00 price target on shares of nVent Electric in a research note on Thursday, July 9th. Finally, Clear Str raised shares of nVent Electric to a "strong-buy" rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $198.67.

nVent Electric Company Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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