nVent Electric PLC $NVT Shares Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in nVent Electric PLC by 126.2% during the second quarter, now owning over $1.6 million worth of shares.
• nVent Electric reported a 30.1% increase in revenue year-over-year, with earnings per share of $0.86, exceeding analysts' expectations of $0.79.
• The company declared a quarterly dividend of $0.20 per share, with a dividend yield of 0.8%, reflecting a payout ratio of 22.79%.

Envestnet Portfolio Solutions Inc. raised its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 126.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,683 shares of the company's stock after purchasing an additional 12,657 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in nVent Electric were worth $1,662,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of nVent Electric by 7.5% in the second 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 in the last quarter. CWM LLC boosted its holdings in shares of nVent Electric by 3.3% in the second quarter. CWM LLC now owns 6,916 shares of the company's stock valued at $507,000 after acquiring an additional 219 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of nVent Electric by 59.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,889 shares of the company's stock valued at $2,411,000 after acquiring an additional 12,264 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of nVent Electric by 2.5% in the second quarter. Johnson Investment Counsel Inc. now owns 1,747,061 shares of the company's stock valued at $127,972,000 after acquiring an additional 43,036 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of nVent Electric by 48.8% in the second quarter. Richardson Financial Services Inc. now owns 1,079 shares of the company's stock valued at $78,000 after acquiring an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Down 1.2%

NVT stock opened at $99.34 on Friday. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $102.31. The company has a market cap of $15.99 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.49 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $94.52 and its 200 day moving average price is $76.17.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company'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. On average, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend 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%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVT. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. KeyCorp lifted their target price on shares of nVent Electric from $103.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday. Barclays lifted their target price on shares of nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Citigroup reissued a "buy" rating on shares of nVent Electric in a report on Thursday, October 9th. Finally, Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $99.71.

Insider Buying and Selling

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the sale, the insider owned 66,640 shares of the company's stock, valued at $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the company's 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 sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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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