Sumitomo Mitsui Trust Group Inc. Purchases New Shares in nVent Electric PLC $NVT

Sumitomo Mitsui Trust Group Inc. purchased a new stake in nVent Electric PLC (NYSE:NVT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,800 shares of the company’s stock, valued at approximately $352,000.

Several other large investors have also added to or reduced their stakes in the stock. FSM Wealth Advisors LLC bought a new stake in nVent Electric in the second quarter valued at $204,000. First Citizens Bank & Trust Co. boosted its holdings in nVent Electric by 258.5% in the second quarter. First Citizens Bank & Trust Co. now owns 16,127 shares of the company’s stock valued at $1,181,000 after acquiring an additional 11,628 shares in the last quarter. Covenant Partners LLC bought a new stake in shares of nVent Electric during the 2nd quarter valued at $242,000. Cookson Peirce & Co. Inc. purchased a new position in shares of nVent Electric during the second quarter valued at approximately $905,000. Finally, Legacy Wealth Asset Management LLC boosted its stake in nVent Electric by 75.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,104 shares of the company’s stock worth $520,000 after purchasing an additional 3,051 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Up 9.6%

NVT stock opened at $114.37 on Friday. The firm has a fifty day moving average price of $97.31 and a 200 day moving average price of $80.14. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. 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 has a market cap of $18.41 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. nVent Electric’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Sell-side analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is 22.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVT shares. Citigroup reaffirmed a “buy” rating on shares of nVent Electric in a research report on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp lifted 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. Finally, The Goldman Sachs Group upped their price target on shares of nVent Electric from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, nVent Electric has a consensus rating of “Buy” and a consensus price target of $99.71.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 17,853 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The stock was 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. The trade was a 36.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares of the company’s stock, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% 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.