nVent Electric PLC $NVT Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in nVent Electric PLC (NYSE:NVT) by 19.6% in the second quarter, Holdings Channel reports. The fund owned 531,855 shares of the company’s stock after purchasing an additional 87,102 shares during the period. Vontobel Holding Ltd.’s holdings in nVent Electric were worth $38,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont increased its stake in shares of nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after acquiring an additional 159 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of nVent Electric during the 1st quarter worth about $25,000. American National Bank & Trust acquired a new stake in shares of nVent Electric during the 2nd quarter worth about $46,000. Hughes Financial Services LLC acquired a new stake in shares of nVent Electric during the 1st quarter worth about $36,000. Finally, First Horizon Advisors Inc. increased its position in shares of nVent Electric by 58.0% during the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVT has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp raised their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Citigroup raised 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, The Goldman Sachs Group lifted their target price on nVent Electric from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $95.43.

Insiders Place Their Bets

In other news, Director Herbert K. Parker sold 20,597 shares of nVent Electric stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director owned 15,070 shares in the company, valued at approximately $1,354,491.60. This trade represents a 57.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction dated 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 transaction, the insider owned 66,640 shares of the company’s stock, 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 ninety days, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Stock Performance

NYSE NVT opened at $98.92 on Thursday. The company has a market cap of $15.92 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The stock has a 50-day moving average of $92.96 and a two-hundred day moving average of $74.05. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $101.76.

nVent Electric (NYSE:NVT) last released its 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 company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.nVent Electric’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous 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. As a group, analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 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.