Harbor Capital Advisors Inc. Trims Stock Holdings in nVent Electric PLC $NVT

Harbor Capital Advisors Inc. lessened its position in shares of nVent Electric PLC (NYSE:NVT) by 78.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,065 shares of the company’s stock after selling 26,406 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in nVent Electric were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. PFG Investments LLC increased its holdings in nVent Electric by 2.7% in the 2nd quarter. PFG Investments LLC now owns 5,020 shares of the company’s stock worth $368,000 after buying an additional 132 shares during the period. Trust Co. of Vermont increased its stake in shares of 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 acquiring an additional 159 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of nVent Electric by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 13,917 shares of the company’s stock worth $1,019,000 after purchasing an additional 169 shares during the last quarter. State of Michigan Retirement System lifted its position in nVent Electric by 0.5% during the second quarter. State of Michigan Retirement System now owns 39,606 shares of the company’s stock valued at $2,901,000 after purchasing an additional 200 shares during the period. Finally, HB Wealth Management LLC lifted its position in nVent Electric by 2.1% during the second quarter. HB Wealth Management LLC now owns 10,002 shares of the company’s stock valued at $733,000 after purchasing an additional 203 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 32,943 shares of the business’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 transaction of $3,723,876.72. Following the completion of the sale, the executive vice president directly owned 30,562 shares in the company, valued at approximately $3,454,728.48. The trade was a 51.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at $2,906,112. The trade was a 15.92% 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. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Stock Up 0.2%

Shares of NVT opened at $104.15 on Friday. The firm has a market cap of $16.81 billion, a P/E ratio of 28.69, a PEG ratio of 1.28 and a beta of 1.32. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $117.52. The stock’s 50 day moving average is $105.27 and its two-hundred day moving average is $92.75. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44.

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

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 23rd. nVent Electric’s dividend payout ratio (DPR) is 23.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays increased their price target on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Royal Bank Of Canada upped their target price 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 lifted their price target on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Roth Capital reissued a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, KeyCorp raised their price objective on shares of 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 issued a Buy rating to the company’s stock. According to MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and an average target price of $123.25.

nVent Electric Company Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.