Journey Strategic Wealth LLC Makes New $332,000 Investment in nVent Electric PLC $NVT

Journey Strategic Wealth LLC acquired a new position in shares of nVent Electric PLC (NYSE:NVT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,531 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd raised its position in shares of 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 grew its position in shares of 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 acquiring an additional 12,386 shares during the period. Nordea Investment Management AB increased its stake in shares of nVent Electric by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock valued at $8,613,000 after purchasing an additional 4,427 shares in the last quarter. Strs Ohio purchased a new position in shares of nVent Electric in the 1st quarter valued at about $5,294,000. Finally, Pallas Capital Advisors LLC acquired a new position in nVent Electric in the 2nd quarter worth about $322,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group raised their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Barclays reissued an “overweight” rating and issued a $130.00 price target on shares of nVent Electric in a research note on Monday, November 3rd. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $122.00.

nVent Electric Stock Down 1.0%

NYSE NVT opened at $100.49 on Monday. The business has a fifty day moving average price of $102.09 and a 200 day moving average price of $86.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $16.22 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.39 and a beta of 1.40. nVent Electric PLC has a one year low of $41.71 and a one year high of $117.52.

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

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric’s dividend payout ratio is currently 22.04%.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the chief accounting officer directly owned 26,400 shares in the company, valued at $2,906,112. The trade was a 15.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 32,943 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total value of $3,723,876.72. Following the completion of the sale, the executive vice president directly owned 30,562 shares of the company’s stock, valued at approximately $3,454,728.48. This represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 157,637 shares of company stock worth $17,763,313 in the last quarter. Insiders own 2.50% of the company’s stock.

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.