60,203 Shares in nVent Electric PLC $NVT Bought by 2Xideas AG

2Xideas AG acquired a new stake in nVent Electric PLC (NYSE:NVT) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 60,203 shares of the company’s stock, valued at approximately $4,410,000.

Several other large investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in nVent Electric in the 1st quarter worth about $25,000. Trust Co. of Vermont raised its position in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares during the period. True Wealth Design LLC raised its position in nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Manchester Capital Management LLC lifted its position in shares of nVent Electric by 222.2% during the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Finally, American National Bank & Trust purchased a new position in nVent Electric in the second quarter valued at $46,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Stock Down 0.6%

Shares of NYSE:NVT opened at $107.12 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $17.28 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.49 and a beta of 1.32. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $117.52. The stock’s fifty day simple moving average is $104.02 and its 200-day simple moving average is $89.31.

nVent Electric (NYSE:NVT) last released 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

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

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the firm’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 directly owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. This trade represents a 63.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg Scheu sold 5,591 shares of nVent Electric 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 completion of the sale, the director owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This trade represents a 28.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 163,228 shares of company stock valued at $18,345,001. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVT has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price target on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Citigroup lifted their target price on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.