PNC Financial Services Group Inc. Has $2.79 Million Position in nVent Electric PLC $NVT

PNC Financial Services Group Inc. cut its holdings in shares of nVent Electric PLC (NYSE:NVT) by 10.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 38,017 shares of the company’s stock after selling 4,538 shares during the period. PNC Financial Services Group Inc.’s holdings in nVent Electric were worth $2,785,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVT. New York State Common Retirement Fund raised its holdings in nVent Electric by 2.8% during the first quarter. New York State Common Retirement Fund now owns 93,904 shares of the company’s stock worth $4,922,000 after acquiring an additional 2,600 shares in the last quarter. CWM LLC increased its position in shares of nVent Electric by 83.5% during the 1st quarter. CWM LLC now owns 6,697 shares of the company’s stock worth $351,000 after purchasing an additional 3,048 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of nVent Electric by 20.4% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,422 shares of the company’s stock worth $337,000 after purchasing an additional 1,088 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of nVent Electric by 42.5% during the 1st quarter. Diversify Advisory Services LLC now owns 4,826 shares of the company’s stock worth $265,000 after purchasing an additional 1,440 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of nVent Electric by 669.7% in the 1st quarter. IFP Advisors Inc now owns 4,287 shares of the company’s stock valued at $225,000 after buying an additional 3,730 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

NYSE NVT opened at $104.44 on Wednesday. The firm has a 50-day moving average of $101.65 and a 200-day moving average of $85.27. 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 stock has a market cap of $16.85 billion, a PE ratio of 28.77, a P/E/G ratio of 1.41 and a beta of 1.40. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $117.52.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business 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%. nVent Electric’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, sell-side analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were issued 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 (DPR) is presently 22.04%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NVT shares. Roth Capital restated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. The Goldman Sachs Group upped their target price on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. KeyCorp raised their target price on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Barclays reissued an “overweight” rating and set a $130.00 price target on shares of nVent Electric in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $121.14.

Insider Activity at nVent Electric

In other news, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the completion of the transaction, the executive vice president owned 30,562 shares in the company, valued at $3,454,728.48. This trade represents a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 153,500 shares of company stock worth $17,306,795 in the last ninety days. 2.50% of the stock is owned by company insiders.

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.