Public Employees Retirement System of Ohio Raises Stock Position in nVent Electric PLC $NVT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in nVent Electric PLC by 108.4% in Q2, owning 106,000 shares valued at approximately $7.76 million.
• Multiple brokerages have upgraded their ratings on nVent Electric, with price targets now ranging from $84.00 to $102.00, reflecting a consensus "Buy" rating.
• nVent Electric recently announced a quarterly dividend of $0.20 per share, indicating an annualized yield of 0.8% based on its current payout ratio.

Public Employees Retirement System of Ohio boosted its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 108.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 106,000 shares of the company's stock after buying an additional 55,137 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of nVent Electric worth $7,764,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Alliance Wealth Advisors LLC UT boosted its holdings in shares of nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after purchasing an additional 159 shares during the last quarter. Davis R M Inc. lifted its holdings in shares of nVent Electric by 4.0% in the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after acquiring an additional 200 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in shares of nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after acquiring an additional 219 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of nVent Electric by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after acquiring an additional 230 shares during the last quarter. Finally, TIAA Trust National Association lifted its stake in nVent Electric by 6.3% in the first quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock worth $219,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVT. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Roth Capital reissued a "buy" rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, Citigroup lifted their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $90.43.

Insider Activity at nVent Electric

In related news, Director Herbert K. Parker sold 20,597 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares in the company, valued at $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock valued at $23,367,520 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

nVent Electric Trading Up 0.5%

NYSE:NVT opened at $97.10 on Friday. The company has a market capitalization of $15.63 billion, a P/E ratio of 27.66, a PEG ratio of 1.51 and a beta of 1.39. The firm has a fifty day simple moving average of $89.64 and a 200-day simple moving average of $71.84. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $101.06. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm's quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. 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 anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be given a dividend of $0.20 per share. 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 payout ratio is currently 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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