First Trust Advisors LP Has $62.95 Million Holdings in nVent Electric PLC $NVT

First Trust Advisors LP trimmed its position in shares of nVent Electric PLC (NYSE:NVT) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,331 shares of the company’s stock after selling 30,870 shares during the quarter. First Trust Advisors LP’s holdings in nVent Electric were worth $62,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Trust Co. of Vermont increased its holdings in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after buying an additional 159 shares during the last quarter. Manchester Capital Management LLC grew its position in nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. True Wealth Design LLC increased its stake in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of nVent Electric during the 1st quarter worth $25,000. Finally, American National Bank & Trust bought a new position in shares of nVent Electric during the 2nd quarter valued at $46,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $107.75 on Monday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The company has a market cap of $17.39 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.49 and a beta of 1.32. The business’s 50 day moving average is $103.81 and its two-hundred day moving average is $89.01. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data 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. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $0.63 earnings per share. nVent Electric’s revenue for the quarter 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 and its FY 2025 guidance at 3.310-3.330 EPS. On average, equities analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

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

Wall Street Analyst Weigh In

NVT has been the subject of a number of recent research reports. KeyCorp increased 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. Royal Bank Of Canada upped their price target on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. The Goldman Sachs Group raised their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citigroup boosted their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $123.25.

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 transaction of $550,400.00. Following the sale, the chief accounting officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg Scheu sold 5,591 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $104.04, for a total value of $581,687.64. Following the transaction, the director owned 14,348 shares in the company, valued at $1,492,765.92. This represents a 28.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 163,228 shares of company stock worth $18,345,001. Insiders own 2.50% of the company’s stock.

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.