NewSquare Capital LLC Grows Position in nVent Electric PLC $NVT

NewSquare Capital LLC boosted its stake in nVent Electric PLC (NYSE:NVT) by 313.2% in the second quarter, Holdings Channel.com reports. The firm owned 719 shares of the company’s stock after acquiring an additional 545 shares during the quarter. NewSquare Capital LLC’s holdings in nVent Electric were worth $53,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NVT. Nuveen LLC purchased a new stake in shares of nVent Electric during the 1st quarter valued at $229,615,000. American Century Companies Inc. grew its position in nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after acquiring an additional 1,388,578 shares during the period. William Blair Investment Management LLC grew its position in nVent Electric by 29.5% during the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after acquiring an additional 709,464 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of nVent Electric during the 2nd quarter worth about $48,443,000. Finally, Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after purchasing an additional 585,449 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NVT stock opened at $112.38 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. nVent Electric PLC has a one year low of $41.71 and a one year high of $117.52. The company’s 50-day simple moving average is $98.57 and its 200-day simple moving average is $81.64. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.48 and a beta of 1.40.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 42,331 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their position. The transaction was disclosed in a filing 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 dated 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 completion of the transaction, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,808 shares of company stock worth $9,708,285 over the last ninety days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVT. Royal Bank Of Canada boosted their target price on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. KeyCorp upped their price target 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. The Goldman Sachs Group upped their price target on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a research report on Monday. 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. According to data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and an average target price of $121.14.

nVent Electric 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.