Federated Hermes Inc. Lowers Stock Position in nVent Electric PLC $NVT

Federated Hermes Inc. cut its stake in shares of nVent Electric PLC (NYSE:NVT) by 21.2% in the second quarter, HoldingsChannel reports. The fund owned 885,918 shares of the company’s stock after selling 237,783 shares during the period. Federated Hermes Inc.’s holdings in nVent Electric were worth $64,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in 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 buying an additional 12,386 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of nVent Electric by 3.9% in the second quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after buying an additional 4,427 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of nVent Electric by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,081,899 shares of the company’s stock worth $79,249,000 after acquiring an additional 30,267 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of nVent Electric by 19.6% during the second quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock worth $38,958,000 after acquiring an additional 87,102 shares during the last quarter. Finally, Strs Ohio purchased a new position in nVent Electric during the first quarter valued at $5,294,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other nVent Electric news, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value 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 $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total value of $13,032,518.46. Following the transaction, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. This represents a 63.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 163,228 shares of company stock worth $18,345,001 in the last 90 days. Company insiders own 2.50% of the company’s stock.

nVent Electric Trading Down 0.5%

Shares of NVT stock opened at $107.75 on Monday. The company has a market cap of $17.39 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $103.81 and its two-hundred day simple moving average is $89.01. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.nVent Electric’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. 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. Research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on NVT shares. UBS Group began coverage on shares of nVent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $128.00 price target on the stock. Royal Bank Of Canada lifted their target price on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 1st. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, KeyCorp lifted their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $123.25.

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.