nVent Electric PLC $NVT Shares Bought by Diversified Trust Co

Key Points

• Diversified Trust Co increased its holdings in nVent Electric PLC by 27.9% during the second quarter, now owning 13,584 shares valued at approximately $995,000.
• nVent Electric reported a quarterly earnings per share of $0.86, exceeding estimates, with revenue growth of 30.1% year-over-year, reaching $963.10 million.
• The company announced a quarterly dividend of $0.20 per share, with the ex-dividend date set for October 17, representing an annual yield of 0.8%.

Diversified Trust Co raised its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 27.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,584 shares of the company's stock after acquiring an additional 2,960 shares during the quarter. Diversified Trust Co's holdings in nVent Electric were worth $995,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of nVent Electric in the first quarter valued at $229,615,000. American Century Companies Inc. increased its position in shares of nVent Electric by 1,869.8% in the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after buying an additional 1,388,578 shares in the last quarter. Fiduciary Management Inc. WI increased its position in shares of nVent Electric by 38.1% in the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock valued at $111,142,000 after buying an additional 585,449 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of nVent Electric by 40.1% in the first quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company's stock valued at $93,470,000 after buying an additional 510,535 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of nVent Electric by 45.6% in the first quarter. Ameriprise Financial Inc. now owns 1,440,890 shares of the company's stock valued at $75,531,000 after buying an additional 451,561 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

NVT has been the subject of a number of research analyst reports. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Barclays restated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp boosted their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Roth Capital reissued a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $90.43.

nVent Electric Stock Up 1.4%

Shares of NYSE:NVT opened at $100.40 on Tuesday. 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 PLC has a 52-week low of $41.71 and a 52-week high of $101.06. The company has a 50 day moving average of $87.91 and a two-hundred day moving average of $70.77. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) 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 company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same quarter last year, the company earned $0.82 earnings per share. nVent Electric's revenue for the quarter 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, analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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

Insider Buying and Selling

In other nVent Electric news, Director Herbert K. Parker sold 20,597 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares of the company's stock, valued at $1,354,491.60. This represents a 57.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were 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 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. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 over the last quarter. Company insiders own 2.50% of the company's stock.

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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