nVent Electric PLC $NVT Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 531,855 shares of the company's stock after buying an additional 87,102 shares during the quarter. Vontobel Holding Ltd. owned about 0.32% of nVent Electric worth $38,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVT. UMB Bank n.a. increased its holdings in nVent Electric by 107.0% in the 1st quarter. UMB Bank n.a. now owns 3,198 shares of the company's stock worth $168,000 after buying an additional 1,653 shares during the period. Park Avenue Securities LLC boosted its position in nVent Electric by 2.0% in the 1st quarter. Park Avenue Securities LLC now owns 14,645 shares of the company's stock worth $768,000 after purchasing an additional 291 shares in the last quarter. Portside Wealth Group LLC boosted its position in nVent Electric by 7.0% in the 1st quarter. Portside Wealth Group LLC now owns 7,607 shares of the company's stock worth $399,000 after purchasing an additional 499 shares in the last quarter. Farther Finance Advisors LLC boosted its position in nVent Electric by 381.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock worth $106,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in nVent Electric by 48.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 33,200 shares of the company's stock worth $1,740,000 after purchasing an additional 10,895 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling

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 transaction, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Herbert K. Parker sold 20,597 shares of the firm's stock in a transaction on 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 owned 15,070 shares in the company, valued at $1,354,491.60. The trade was a 57.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 in the last ninety days. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NVT. Citigroup upped their price objective on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Roth Capital restated a "buy" rating and issued a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, KeyCorp increased 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. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $95.43.

nVent Electric Trading Up 3.0%

Shares of NYSE:NVT opened at $98.92 on Thursday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $101.76. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The business's 50 day moving average price is $92.96 and its 200-day moving average price is $74.05.

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. The company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. 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, equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

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 issued a $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric's dividend payout ratio (DPR) is presently 22.79%.

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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