nVent Electric PLC $NVT is Running Oak Capital LLC's 9th Largest Position

Key Points

• Running Oak Capital LLC reduced its holdings in nVent Electric PLC by 11.4%, making it the 9th largest position in their portfolio, with ownership of about 239,403 shares valued at approximately $17.5 million.
• nVent Electric's quarterly earnings surpassed expectations, reporting $0.86 per share against a consensus estimate of $0.79, with a substantial revenue increase of 30.1% year-over-year, totaling $963.1 million.
• The company declared a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 0.8%, payable on November 7th to shareholders of record on October 17th.

Running Oak Capital LLC lowered its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 239,403 shares of the company's stock after selling 30,800 shares during the quarter. nVent Electric comprises 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 9th biggest holding. Running Oak Capital LLC owned about 0.15% of nVent Electric worth $17,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in nVent Electric during the first quarter worth approximately $229,615,000. Clean Energy Transition LLP raised its stake in nVent Electric by 6.8% during the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock worth $118,473,000 after acquiring an additional 144,403 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock worth $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of nVent Electric by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company's stock worth $110,885,000 after purchasing an additional 422,640 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its position in shares of nVent Electric by 40.1% in the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company's stock valued at $93,470,000 after purchasing an additional 510,535 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

Shares of NVT opened at $97.89 on Monday. The stock has a market capitalization of $15.76 billion, a P/E ratio of 27.89, a P/E/G 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 PLC has a 1 year low of $41.71 and a 1 year high of $101.76. The company's fifty day moving average is $91.85 and its two-hundred day moving average is $73.43.

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, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business'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. On average, sell-side analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm 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 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 of this dividend is Friday, October 17th. nVent Electric's dividend payout ratio is 22.79%.

Insiders Place Their Bets

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares of the company's stock, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

NVT has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of nVent Electric in a research note on Saturday, September 27th. Citigroup upped their price target on shares of 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 shares of nVent Electric from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, KeyCorp upped their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $95.43.

nVent Electric 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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