nVent Electric PLC $NVT Shares Bought by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG increased its holdings in nVent Electric PLC by 153.3%, owning 29,662 shares worth approximately $2,173,000.
• nVent Electric reported $0.86 EPS for the last quarter, surpassing estimates by $0.07, and its revenue grew by 30.1% year-over-year, totaling $963.10 million.
• The company declared a quarterly dividend of $0.20, resulting in an annualized dividend yield of 0.8%, with the payout ratio standing at 22.79%.

Bank Pictet & Cie Europe AG grew its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 153.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,662 shares of the company's stock after buying an additional 17,953 shares during the period. Bank Pictet & Cie Europe AG's holdings in nVent Electric were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Steph & Co. raised its position in shares of nVent Electric by 14.0% during the 2nd quarter. Steph & Co. now owns 4,937 shares of the company's stock worth $362,000 after acquiring an additional 605 shares in the last quarter. Significant Wealth Partners LLC purchased a new position in nVent Electric in the second quarter valued at approximately $309,000. Public Employees Retirement System of Ohio raised its holdings in nVent Electric by 108.4% during the second quarter. Public Employees Retirement System of Ohio now owns 106,000 shares of the company's stock worth $7,764,000 after purchasing an additional 55,137 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of nVent Electric during the 2nd quarter worth approximately $605,000. Finally, Fifth Third Bancorp boosted its holdings in shares of nVent Electric by 26.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,542 shares of the company's stock valued at $259,000 after buying an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Trading Down 0.7%

NYSE NVT opened at $96.62 on Friday. The stock has a market capitalization of $15.55 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.52 and a beta of 1.39. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $101.06. The firm has a 50-day moving average price of $89.21 and a 200 day moving average price of $71.44. 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 earnings per share for the quarter, beating 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 company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the previous year, the company earned $0.82 EPS. The firm's revenue for the quarter 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. Equities research analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be issued a $0.20 dividend. 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 (DPR) is currently 22.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NVT shares. Roth Capital reiterated a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group lifted their target price on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $90.43.

Insider Transactions at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the business's stock in a transaction dated 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 owned 12,063 shares of the company's stock, valued at approximately $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the transaction, the chief executive officer directly owned 49,196 shares of the company's stock, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by company insiders.

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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