Valeo Financial Advisors LLC Acquires Shares of 661,339 nVent Electric PLC $NVT

Key Points

• Valeo Financial Advisors LLC has acquired 661,339 shares of nVent Electric PLC, valued at approximately $48.4 million, representing about 0.40% ownership of the company.
• nVent Electric reported a strong quarterly earnings result with earnings per share (EPS) of $0.86, exceeding estimates, along with a revenue increase of 30.1% year-over-year.
• The firm announced a quarterly dividend of $0.20 per share, set to be paid on November 7th, indicating a stable commitment to shareholder returns.

Valeo Financial Advisors LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 661,339 shares of the company's stock, valued at approximately $48,443,000. Valeo Financial Advisors LLC owned approximately 0.40% of nVent Electric at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. XTX Topco Ltd increased its holdings in nVent Electric by 192.2% in the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock worth $644,000 after acquiring an additional 8,080 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of nVent Electric by 32.4% during the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock worth $2,623,000 after purchasing an additional 12,386 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of nVent Electric by 381.0% during 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 during the last quarter. GAMMA Investing LLC lifted its stake in nVent Electric by 74.3% in the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after buying an additional 1,482 shares in the last quarter. Finally, Strs Ohio purchased a new position in nVent Electric in the 1st quarter valued at about $5,294,000. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Price Performance

nVent Electric stock opened at $97.89 on Monday. 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 company has a 50-day moving average price of $91.85 and a 200 day moving average price of $73.43. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $101.76. The stock has a market cap of $15.76 billion, a P/E ratio of 27.89, a PEG ratio of 1.45 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.72% and a return on equity of 13.36%. The business's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior 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. Sell-side 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. Shareholders of record on Friday, October 17th will be given 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 payout ratio is currently 22.79%.

Insiders Place Their Bets

In other news, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider directly owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the sale, the executive vice president directly owned 70,817 shares of the company's stock, valued at $6,336,705.16. The trade was a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NVT shares. Barclays increased their target price on nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday. Roth Capital reaffirmed a "buy" rating and set a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of nVent Electric in a research note on Saturday, September 27th. Finally, KeyCorp upped their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $95.43.

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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