Balefire LLC Invests $1.37 Million in nVent Electric PLC $NVT

Balefire LLC bought a new stake in nVent Electric PLC (NYSE:NVT) during the third quarter, HoldingsChannel.com reports. The fund bought 13,905 shares of the company’s stock, valued at approximately $1,372,000.

Several other institutional investors and hedge funds also recently modified their holdings of NVT. Norges Bank purchased a new stake in shares of nVent Electric during the 2nd quarter valued at about $234,290,000. Massachusetts Financial Services Co. MA increased its stake in shares of nVent Electric by 146.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after buying an additional 1,896,749 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of nVent Electric during the second quarter worth about $78,222,000. William Blair Investment Management LLC increased its holdings in shares of nVent Electric by 29.5% in the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after acquiring an additional 709,464 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of nVent Electric in the 2nd quarter worth about $48,443,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $110.35, for a total transaction of $456,517.95. Following the transaction, the chief executive officer owned 47,984 shares in the company, valued at approximately $5,295,034.40. The trade was a 7.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 32,943 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $113.04, for a total value of $3,723,876.72. Following the completion of the sale, the executive vice president owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 163,228 shares of company stock worth $18,345,001. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays increased their price target on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citigroup upped their price target on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Roth Capital restated a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $123.25.

nVent Electric Stock Down 7.5%

Shares of nVent Electric stock opened at $94.71 on Thursday. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. 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 stock has a 50 day moving average price of $104.78 and a two-hundred day moving average price of $91.00. The stock has a market capitalization of $15.28 billion, a P/E ratio of 26.09, a PEG ratio of 1.26 and a beta of 1.32.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.05 billion during 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%. nVent Electric’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. 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. Equities analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is currently 22.04%.

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.