Nordea Investment Management AB Has $8.61 Million Position in nVent Electric PLC $NVT

Key Points

• Nordea Investment Management AB increased its stake in nVent Electric PLC by 3.9%, bringing its holdings to approximately $8.61 million as of the latest SEC filing.
• Several institutional investors, including Harbour Investments and Envestnet Portfolio Solutions, have also expanded their positions in nVent Electric during the second quarter.
• nVent Electric recently announced a quarterly dividend of $0.20 per share, with the ex-dividend date set for October 17th, representing an annual yield of 0.8%.

Nordea Investment Management AB raised its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 117,851 shares of the company's stock after acquiring an additional 4,427 shares during the quarter. Nordea Investment Management AB owned about 0.07% of nVent Electric worth $8,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. boosted its position in shares of nVent Electric by 20.8% in the 2nd quarter. Harbour Investments Inc. now owns 1,680 shares of the company's stock worth $123,000 after purchasing an additional 289 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in nVent Electric in the second quarter valued at about $243,000. Atria Wealth Solutions Inc. bought a new position in nVent Electric during the second quarter worth about $422,000. Envestnet Portfolio Solutions Inc. grew its position in shares of nVent Electric by 126.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,683 shares of the company's stock worth $1,662,000 after buying an additional 12,657 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of nVent Electric by 7.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 56,125 shares of the company's stock valued at $4,111,000 after acquiring an additional 3,930 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NVT shares. KeyCorp lifted their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Royal Bank Of Canada reiterated an "outperform" rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Weiss Ratings reiterated a "hold (c+)" rating on shares of nVent Electric in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $99.71.

Insider Transactions at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the transaction, the executive vice president directly owned 12,063 shares of the company's stock, valued at approximately $1,085,670. This trade represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares in the company, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,111 shares of company stock valued at $23,367,520. 2.50% of the stock is owned by insiders.

nVent Electric Price Performance

Shares of NVT opened at $100.17 on Tuesday. The stock has a market capitalization of $16.12 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.48 and a beta of 1.38. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $102.31. The company has a 50 day moving average of $94.74 and a 200-day moving average of $76.89. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. 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, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

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

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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