LVW Advisors LLC Makes New Investment in nVent Electric PLC $NVT

Key Points

• LVW Advisors LLC has made a new investment in nVent Electric PLC, acquiring 2,900 shares valued at approximately $212,000 in the 2nd quarter of this year.
• Multiple research analysts have upgraded their ratings and price targets for nVent Electric, with Goldman Sachs increasing their target price from $99.00 to $111.00 and maintaining a "buy" rating.
• nVent Electric is set to pay a quarterly dividend of $0.20 on November 7th, representing an annualized yield of 0.8% with a current dividend payout ratio of 22.79%.

LVW Advisors LLC bought a new position in nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,900 shares of the company's stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of nVent Electric during the 1st quarter worth $25,000. Whipplewood Advisors LLC lifted its stake in shares of nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of nVent Electric during the 1st quarter worth $36,000. First Horizon Advisors Inc. lifted its stake in shares of nVent Electric by 58.0% during 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 last quarter. Finally, American National Bank & Trust purchased a new stake in shares of nVent Electric during the 2nd quarter worth $46,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVT shares. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital reaffirmed a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group upped their target price on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Finally, Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $90.43.

nVent Electric Stock Up 0.5%

Shares of NVT opened at $97.10 on Monday. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $101.06. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.51 and a beta of 1.38. The stock's 50-day moving average price is $89.64 and its 200-day moving average price is $71.97.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.86 EPS 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 firm had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company's 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. On average, sell-side analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. The ex-dividend date 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 is presently 22.79%.

Insider Transactions at nVent Electric

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. This represents a 67.04% 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, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was 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 in the company, valued at $4,388,775.16. This represents a 46.25% 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. 2.50% of the stock is owned by insiders.

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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