Vaughan Nelson Investment Management L.P. Has $3.23 Million Stock Position in nVent Electric PLC $NVT

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in nVent Electric PLC by 31.7%, now holding $3.23 million worth of stock after acquiring an additional 10,600 shares.
• Analysts have raised their price targets on nVent Electric, with Barclays setting a new target of $115.00, indicating strong positive sentiment toward the stock.
• nVent Electric reported a 30.1% increase in quarterly revenue year-over-year, with earnings per share beating expectations at $0.86.

Vaughan Nelson Investment Management L.P. increased its position in nVent Electric PLC (NYSE:NVT - Free Report) by 31.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,060 shares of the company's stock after purchasing an additional 10,600 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in nVent Electric were worth $3,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in nVent Electric by 192.2% in the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock worth $644,000 after purchasing an additional 8,080 shares during the period. Hsbc Holdings PLC grew its position in shares of nVent Electric by 32.4% during the 1st quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock worth $2,623,000 after buying an additional 12,386 shares during the period. Farther Finance Advisors LLC grew 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 buying an additional 1,581 shares during the period. GAMMA Investing LLC grew its position in shares of nVent Electric by 74.3% during the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock worth $182,000 after buying an additional 1,482 shares during the period. Finally, Strs Ohio acquired a new position in shares of nVent Electric during the 1st quarter worth about $5,294,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVT. Barclays boosted their target price on nVent Electric from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Roth Capital restated a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group boosted their target price on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Finally, Citigroup boosted their target price on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, nVent Electric has a consensus rating of "Buy" and an average price target of $95.43.

nVent Electric Price Performance

Shares of NVT opened at $97.89 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The stock has a 50 day simple moving average of $91.85 and a 200 day simple moving average of $73.32. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $101.76. The firm has a market capitalization of $15.76 billion, a PE ratio of 27.89, a P/E/G ratio of 1.52 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data 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. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The business had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same period in the previous year, the firm earned $0.82 EPS. nVent Electric's quarterly revenue was up 30.1% compared to the same quarter last year. 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 predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

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

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 17,853 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total value of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares in the company, valued at approximately $2,725,636.96. The trade was a 36.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 1.80% of the company's stock.

About nVent Electric

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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