Significant Wealth Partners LLC Invests $309,000 in nVent Electric PLC $NVT

Key Points

• Significant Wealth Partners LLC invested approximately $309,000 in nVent Electric PLC by purchasing 4,222 shares, signaling confidence in the company's growth potential.
• Wall Street analysts have generally provided a positive outlook on nVent Electric, with a majority rating the stock as a "Buy" and several increasing their price targets, with the current average at $90.43.
• nVent Electric recently announced a quarterly dividend of $0.20 per share, with an annual yield of 0.8%, reflecting the company's stable cash flow and commitment to returning value to shareholders.

Significant Wealth Partners LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,222 shares of the company's stock, valued at approximately $309,000.

Several other large investors also recently made changes to their positions in the stock. Alliance Wealth Advisors LLC UT boosted its stake 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 worth $744,000 after acquiring an additional 159 shares in the last quarter. Davis R M Inc. boosted its stake in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after acquiring an additional 200 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of nVent Electric by 3.2% during the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after acquiring an additional 219 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of nVent Electric by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock worth $89,000 after acquiring an additional 230 shares in the last quarter. Finally, TIAA Trust National Association boosted its stake in shares of nVent Electric by 6.3% during the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock worth $219,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

NVT has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Roth Capital reissued a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup boosted 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. Finally, KeyCorp upped 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. 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $90.43.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 17,853 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the sale, the executive vice president directly owned 30,512 shares in the company, valued at $2,725,636.96. This represents a 36.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the sale, the chief executive officer owned 49,196 shares in the company, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock worth $23,367,520 over the last 90 days. Company insiders own 1.80% of the company's stock.

nVent Electric Trading Down 0.3%

Shares of NVT opened at $97.37 on Thursday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year 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. The stock has a 50 day simple moving average of $88.83 and a 200-day simple moving average of $71.14. The stock has a market cap of $15.67 billion, a PE ratio of 27.74, a PEG ratio of 1.52 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last issued its 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. The business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.nVent Electric's quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently declared 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 dividend payout ratio is 22.79%.

nVent Electric Company 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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