Insider Selling: nVent Electric (NYSE:NVT) Director Sells $581,687.64 in Stock

nVent Electric PLC (NYSE:NVT) Director Greg Scheu sold 5,591 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $104.04, for a total value of $581,687.64. Following the completion of the transaction, the director directly owned 14,348 shares in the company, valued at approximately $1,492,765.92. This represents a 28.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

nVent Electric Trading Up 1.6%

Shares of NVT stock opened at $106.66 on Friday. The business has a 50-day moving average price of $102.79 and a two-hundred day moving average price of $87.04. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The firm has a market cap of $17.21 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.40.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company’s revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Equities analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was 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 22.04%.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd lifted its stake 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 acquiring an additional 8,080 shares during the period. Hsbc Holdings PLC increased its position in nVent Electric by 32.4% during the 1st quarter. Hsbc Holdings PLC now owns 50,670 shares of the company’s stock valued at $2,623,000 after purchasing an additional 12,386 shares during the period. Nordea Investment Management AB raised its holdings in nVent Electric by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after purchasing an additional 4,427 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of nVent Electric by 19.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock worth $38,958,000 after purchasing an additional 87,102 shares during the period. Finally, Strs Ohio bought a new stake in shares of nVent Electric during the 1st quarter valued at about $5,294,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVT. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a research note on Tuesday. Barclays restated an “overweight” rating and set a $130.00 price target on shares of nVent Electric in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada increased their target price on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $122.00.

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.