SeaBridge Investment Advisors LLC Decreases Stock Position in nVent Electric PLC $NVT

SeaBridge Investment Advisors LLC cut its holdings in nVent Electric PLC (NYSE:NVT) by 4.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,995 shares of the company’s stock after selling 956 shares during the period. SeaBridge Investment Advisors LLC’s holdings in nVent Electric were worth $1,538,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of nVent Electric in the 1st quarter worth about $229,615,000. Clean Energy Transition LLP increased its holdings in shares of nVent Electric by 6.8% in the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company’s stock worth $118,473,000 after buying an additional 144,403 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock valued at $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in nVent Electric by 25.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company’s stock valued at $110,885,000 after purchasing an additional 422,640 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in nVent Electric by 40.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company’s stock valued at $93,470,000 after purchasing an additional 510,535 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Beth Wozniak sold 42,331 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares of the company’s stock, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVT. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. KeyCorp increased their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Barclays reissued an “overweight” rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup raised their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, nVent Electric has a consensus rating of “Buy” and an average price target of $90.43.

nVent Electric Price Performance

Shares of NVT stock opened at $97.10 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The firm’s 50-day moving average is $89.64 and its two-hundred day moving average is $71.84. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $101.06. The company has a market capitalization of $15.63 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s payout ratio is 22.79%.

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.