FSM Wealth Advisors LLC Makes New $204,000 Investment in nVent Electric PLC $NVT

Key Points

• FSM Wealth Advisors LLC made a significant investment of $204,000 by acquiring 2,738 shares in nVent Electric PLC during the second quarter.
• nVent Electric reported a 30.1% increase in quarterly revenue year-over-year, totaling $963.10 million, with earnings per share surpassing expectations at $0.86.
• The company has announced a quarterly dividend of $0.20 per share, which is set to be paid on November 7th, reflecting a 0.8% yield for shareholders.

FSM Wealth Advisors LLC bought a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,738 shares of the company's stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Citizens Bank & Trust Co. grew its position in nVent Electric by 258.5% during the second quarter. First Citizens Bank & Trust Co. now owns 16,127 shares of the company's stock valued at $1,181,000 after buying an additional 11,628 shares during the period. Covenant Partners LLC purchased a new position in nVent Electric in the second quarter valued at about $242,000. Cookson Peirce & Co. Inc. bought a new position in shares of nVent Electric during the 2nd quarter valued at approximately $905,000. Legacy Wealth Asset Management LLC grew its position in shares of nVent Electric by 75.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,104 shares of the company's stock valued at $520,000 after acquiring an additional 3,051 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of nVent Electric by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 308,058 shares of the company's stock worth $22,565,000 after purchasing an additional 1,739 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Up 1.8%

Shares of NYSE:NVT opened at $102.39 on Friday. nVent Electric PLC has a one year low of $41.71 and a one year high of $104.30. The firm has a fifty day moving average price of $95.53 and a two-hundred day moving average price of $77.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.50 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.86 earnings per share 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 business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period in the prior year, the company earned $0.82 EPS. The company's quarterly revenue was up 30.1% compared to the same quarter last year. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares of the company's stock, valued at $4,388,775.16. This represents a 46.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jon D. Lammers sold 119,694 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVT has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of nVent Electric in a research note on Wednesday, October 8th. Citigroup reaffirmed a "buy" rating on shares of nVent Electric in a research report on Thursday, October 9th. KeyCorp increased their price target on nVent Electric from $103.00 to $114.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. 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 report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $99.71.

nVent Electric Company 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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