Sequoia Financial Advisors LLC Purchases 3,930 Shares of nVent Electric PLC $NVT

Sequoia Financial Advisors LLC lifted its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,125 shares of the company's stock after buying an additional 3,930 shares during the period. Sequoia Financial Advisors LLC's holdings in nVent Electric were worth $4,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NVT. SVB Wealth LLC bought a new position in nVent Electric in the first quarter valued at $25,000. Trust Co. of Vermont raised its holdings in nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company's stock worth $32,000 after acquiring an additional 159 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of nVent Electric during the 1st quarter worth approximately $36,000. First Horizon Advisors Inc. increased its position in shares of nVent Electric by 58.0% during the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, American National Bank & Trust bought a new position in shares of nVent Electric in the second quarter valued at $46,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Price Performance

nVent Electric stock opened at $99.52 on Wednesday. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $101.76. The business has a 50-day simple moving average of $93.85 and a 200 day simple moving average of $75.34. 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 stock has a market cap of $16.02 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.48 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, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the company 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, research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer directly owned 27,525 shares of the company's stock, valued at $2,452,202.25. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Beth Wozniak sold 42,331 shares of the company's 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 represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock worth $23,367,520 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of nVent Electric in a research report on Wednesday, October 8th. Roth Capital reissued a "buy" rating and issued a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, Citigroup reissued a "buy" rating on shares of nVent Electric in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $99.71.

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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