Marks Group Wealth Management Inc Sells 15,558 Shares of nVent Electric PLC $NVT

Key Points

• Marks Group Wealth Management Inc reduced its stake in nVent Electric PLC by 10.6% during the second quarter, selling 15,558 shares and retaining 131,910 shares.
• Insiders at nVent Electric have sold a total of 261,111 shares worth approximately $23.4 million in the last ninety days, indicating significant insider activity within the company.
• nVent Electric has recently declared a quarterly dividend of $0.20 per share, with an annualized yield of 0.8% and a dividend payout ratio of 22.79%.

Marks Group Wealth Management Inc reduced its position in nVent Electric PLC (NYSE:NVT - Free Report) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,910 shares of the company's stock after selling 15,558 shares during the period. nVent Electric makes up 0.9% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 26th largest holding. Marks Group Wealth Management Inc owned about 0.08% of nVent Electric worth $9,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in nVent Electric in the 1st quarter valued at $25,000. Trust Co. of Vermont raised its position in nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after buying an additional 159 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in nVent Electric in the 1st quarter valued at $36,000. First Horizon Advisors Inc. raised its position in nVent Electric by 58.0% in the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock valued at $43,000 after buying an additional 300 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in nVent Electric in the 2nd quarter valued at $46,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the company'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 sale, the executive vice president directly owned 12,063 shares in the company, valued at approximately $1,085,670. This represents a 67.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares in the company, valued at $2,725,636.96. The trade was a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 in the last ninety days. Insiders own 2.50% of the company's stock.

nVent Electric Trading Down 1.5%

Shares of NVT opened at $97.89 on Monday. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $101.76. The business has a 50-day moving average of $91.85 and a 200 day moving average of $73.43. The firm has a market cap of $15.76 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.45 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 (NYSE:NVT - Get Free Report) last issued 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 net margin of 17.72% and a return on equity of 13.36%. The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter last year, the business earned $0.82 earnings per share. The company's quarterly 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. As a group, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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

Analyst Ratings Changes

NVT has been the subject of a number of analyst reports. Citigroup increased their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays increased their price target on nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $95.43.

About nVent Electric

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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