Allianz Asset Management GmbH Sells 3,649 Shares of nVent Electric PLC $NVT

Allianz Asset Management GmbH lowered its position in nVent Electric PLC (NYSE:NVT) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,982 shares of the company’s stock after selling 3,649 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of nVent Electric worth $7,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont increased its position in shares of nVent Electric by 57.8% during the second 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 period. SVB Wealth LLC purchased a new position in shares of nVent Electric during the first quarter worth approximately $25,000. American National Bank & Trust purchased a new position in shares of nVent Electric during the second quarter worth approximately $46,000. Hughes Financial Services LLC purchased a new position in shares of nVent Electric during the first quarter worth approximately $36,000. Finally, First Horizon Advisors Inc. increased its position in shares of 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 acquiring an additional 300 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other nVent Electric 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 value 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 $2,725,636.96. This trade represents a 36.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sara E. Zawoyski sold 22,109 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares of the company’s stock, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 over the last quarter. Insiders own 1.80% of the company’s stock.

nVent Electric Price Performance

NYSE NVT opened at $96.89 on Thursday. 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 firm’s 50 day moving average price is $95.02 and its 200-day moving average price is $77.19. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $102.31. The company has a market cap of $15.59 billion, a PE ratio of 27.60, a P/E/G ratio of 1.48 and a beta of 1.38.

nVent Electric (NYSE:NVT) last announced 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 net margin of 17.72% and a return on equity of 13.36%. nVent Electric’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. 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 forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

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. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.79%.

Analysts Set New Price Targets

NVT has been the topic of a number of research reports. KeyCorp raised their target price on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada reaffirmed 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 reiterated a “buy” rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of nVent Electric in a research note on Wednesday, October 8th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $99.71.

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.