nVent Electric PLC $NVT Stake Raised by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its holdings in shares of nVent Electric PLC (NYSE:NVT) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,721 shares of the company’s stock after buying an additional 14,171 shares during the period. Focus Financial Network Inc.’s holdings in nVent Electric were worth $7,370,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVT. Norges Bank bought a new stake in nVent Electric during the 2nd quarter valued at $234,290,000. Massachusetts Financial Services Co. MA increased its holdings in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after purchasing an additional 1,896,749 shares during the period. William Blair Investment Management LLC raised its stake in shares of 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 purchasing an additional 709,464 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of nVent Electric by 26.8% during the second quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock valued at $165,563,000 after purchasing an additional 477,135 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its holdings in nVent Electric by 38.1% in the first 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVT has been the topic of several research analyst reports. 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. KeyCorp increased their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group boosted their target price on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada upped their target price on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Roth Capital reiterated a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $123.25.

nVent Electric Stock Up 3.3%

NYSE NVT opened at $101.49 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a market capitalization of $16.38 billion, a P/E ratio of 27.96, a PEG ratio of 1.21 and a beta of 1.32. The company’s 50 day simple moving average is $104.90 and its 200 day simple moving average is $91.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11.

nVent Electric (NYSE:NVT) last posted its quarterly 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. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. Equities research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s payout ratio is presently 22.04%.

Insider Activity at nVent Electric

In related news, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the chief accounting officer owned 26,400 shares of the company’s stock, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the sale, the insider owned 66,680 shares in the company, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,228 shares of company stock valued at $18,345,001 over the last ninety days. Company insiders own 1.80% of the company’s stock.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.