Vanguard Personalized Indexing Management LLC Grows Stock Position in nVent Electric PLC $NVT

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in nVent Electric PLC by 59.5% during the second quarter, holding 32,889 shares valued at approximately $2.41 million.
• nVent Electric announced a quarterly dividend of $0.20 per share, payable on November 7, with an annualized dividend yield of 0.8%.
• Analysts have raised their price targets for nVent Electric, with Roth Capital setting a target of $100.00 and Goldman Sachs increasing their target to $111.00.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 59.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,889 shares of the company's stock after acquiring an additional 12,264 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in nVent Electric were worth $2,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PFG Investments LLC raised its holdings in shares of nVent Electric by 2.7% in the 2nd quarter. PFG Investments LLC now owns 5,020 shares of the company's stock valued at $368,000 after purchasing an additional 132 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in nVent Electric by 1.1% in the first quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after buying an additional 159 shares during the last quarter. Trust Co. of Vermont raised its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. lifted its holdings in 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 buying an additional 200 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of nVent Electric by 2.1% during the 2nd quarter. HB Wealth Management LLC now owns 10,002 shares of the company's stock worth $733,000 after acquiring an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Price Performance

Shares of NVT opened at $101.03 on Thursday. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $101.84. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 1.48 and a beta of 1.38. The firm has a 50-day simple moving average of $94.07 and a 200-day simple moving average of $75.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67.

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 the consensus estimate of $0.79 by $0.07. The firm had revenue of $963.10 million for 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%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous 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, equities research analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 annualized dividend and a dividend yield of 0.8%. nVent Electric's dividend payout ratio (DPR) is currently 22.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVT shares. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of nVent Electric in a report on Wednesday, October 8th. Roth Capital restated a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Finally, Barclays upped their price objective on shares of nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $99.71.

Insider Transactions at nVent Electric

In related news, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president directly owned 70,817 shares of the company's stock, valued at $6,336,705.16. This represents a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president owned 12,063 shares of the company's stock, valued at approximately $1,085,670. The trade was a 67.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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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