nVent Electric PLC $NVT Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in nVent Electric PLC by 39.4%, now holding 7,538 shares valued at approximately $552,000.
• Insider selling has been significant, with EVP Aravind Padmanabhan and CEO Beth Wozniak selling a combined total of 66,865 shares in August, indicating a decrease in their ownership stakes.
• nVent Electric has recently increased its quarterly dividend to $0.20 per share, representing an annualized yield of 0.8% and a dividend payout ratio of 22.79%.

Prime Capital Investment Advisors LLC trimmed its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 39.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,538 shares of the company's stock after selling 4,897 shares during the period. Prime Capital Investment Advisors LLC's holdings in nVent Electric were worth $552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in nVent Electric by 192.2% during the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after purchasing an additional 8,080 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in nVent Electric by 32.4% during the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock valued at $2,623,000 after purchasing an additional 12,386 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in nVent Electric by 381.0% during the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after purchasing an additional 1,581 shares in the last quarter. GAMMA Investing LLC lifted its holdings in nVent Electric by 74.3% during the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Strs Ohio purchased a new position in nVent Electric during the first quarter valued at $5,294,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction on 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 in the company, valued at $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 in the last quarter. Company insiders own 1.80% of the company's stock.

nVent Electric Stock Down 1.8%

Shares of nVent Electric stock opened at $95.95 on Friday. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $101.76. The company has a 50 day moving average of $93.47 and a 200 day moving average of $74.58. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $15.44 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.45 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm earned $0.82 earnings per share. The firm's quarterly revenue 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, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business 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 dividend of $0.20 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NVT shares. KeyCorp increased their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group increased their target price on shares of nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Weiss Ratings restated a "hold (c+)" rating on shares of nVent Electric in a research report on Wednesday. Barclays raised their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $95.43.

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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