nVent Electric PLC $NVT Stock Holdings Boosted by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. boosted its position in shares of nVent Electric PLC (NYSE:NVT) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,747,061 shares of the company’s stock after buying an additional 43,036 shares during the quarter. nVent Electric accounts for approximately 1.1% of Johnson Investment Counsel Inc.’s investment portfolio, making the stock its 16th largest position. Johnson Investment Counsel Inc. owned approximately 1.06% of nVent Electric worth $127,972,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SVB Wealth LLC bought a new position in shares of nVent Electric during the 1st quarter valued at about $25,000. Trust Co. of Vermont boosted 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 purchasing an additional 159 shares in the last quarter. Hughes Financial Services LLC bought a new stake in nVent Electric during the first quarter worth approximately $36,000. First Horizon Advisors Inc. boosted its holdings in nVent Electric by 58.0% during the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after buying an additional 300 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in nVent Electric during the second quarter worth approximately $46,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NVT shares. Citigroup restated a “buy” rating on shares of nVent Electric in a report on Thursday. KeyCorp raised their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Barclays increased their price target on nVent Electric from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday. One 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 data from MarketBeat, nVent Electric presently has an average rating of “Buy” and a consensus price target of $95.43.

Insider Buying and Selling at nVent Electric

In related news, 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 completion of the sale, the executive vice president directly owned 30,512 shares in the company, valued at approximately $2,725,636.96. This trade represents a 36.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares of the company’s stock, valued at approximately $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock valued at $23,367,520 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $95.95 on Friday. The stock has a market cap of $15.44 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The business has a fifty day simple moving average of $93.47 and a 200-day simple moving average of $74.71. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $101.76.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping 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 analysts’ expectations of $906.96 million. During the same quarter last year, the firm posted $0.82 earnings per share. nVent Electric’s 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, sell-side analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

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. 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 currently 22.79%.

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.