William Blair Investment Management LLC Grows Holdings in nVent Electric PLC $NVT

Key Points

• William Blair Investment Management LLC increased its stake in nVent Electric PLC by 29.5%, acquiring an additional 709,464 shares to hold approximately 1.89% of the company, valued at $228 million.
• nVent Electric reported a quarterly EPS of $0.86, exceeding analysts' estimates of $0.79, and its quarterly revenue rose by 30.1% year-over-year, reaching $963.1 million.
• The company declared a quarterly dividend of $0.20 per share with an annualized yield of 0.8%, set to be paid to shareholders of record on October 17th.

William Blair Investment Management LLC lifted its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 29.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,113,936 shares of the company's stock after acquiring an additional 709,464 shares during the period. William Blair Investment Management LLC owned about 1.89% of nVent Electric worth $228,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont raised its position in shares of nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after acquiring an additional 159 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of nVent Electric during the 1st quarter valued at approximately $25,000. American National Bank & Trust acquired a new stake in shares of nVent Electric during the 2nd quarter valued at approximately $46,000. Hughes Financial Services LLC acquired a new stake in shares of nVent Electric during the 1st quarter valued at approximately $36,000. Finally, Hoese & Co LLP raised its position in shares of nVent Electric by 223.2% during the 2nd quarter. Hoese & Co LLP now owns 724 shares of the company's stock valued at $53,000 after acquiring an additional 500 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Stock Performance

NVT stock opened at $99.34 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 market capitalization of $15.99 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.49 and a beta of 1.38. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $102.31. The stock's fifty day moving average is $94.52 and its two-hundred day moving average is $76.17.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period last year, the company earned $0.82 earnings per share. The company'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. On average, research analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVT. The Goldman Sachs Group upped their price target on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $102.00 price target (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of nVent Electric in a research report on Wednesday, October 8th. Citigroup reiterated a "buy" rating on shares of nVent Electric in a research note on Thursday, October 9th. Finally, Barclays raised their target price on nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $99.71.

Insider Buying and Selling

In other news, CAO Randolph A. Wacker sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the transaction, the chief accounting officer directly owned 27,525 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, EVP Lynnette R. Heath sold 17,853 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the transaction, the executive vice president owned 30,512 shares in the company, valued at $2,725,636.96. This represents a 36.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,111 shares of company stock worth $23,367,520. Company 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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