PNC Financial Services Group Inc. Sells 4,538 Shares of nVent Electric PLC $NVT

PNC Financial Services Group Inc. cut its holdings in shares of nVent Electric PLC (NYSE:NVT) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,017 shares of the company’s stock after selling 4,538 shares during the period. PNC Financial Services Group Inc.’s holdings in nVent Electric were worth $2,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in nVent Electric in the first quarter valued at approximately $229,615,000. American Century Companies Inc. grew its holdings in nVent Electric by 1,869.8% during the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock worth $76,682,000 after acquiring an additional 1,388,578 shares during the period. William Blair Investment Management LLC raised its position in shares of nVent Electric by 29.5% during 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. Valeo Financial Advisors LLC acquired a new position in shares of nVent Electric in the 2nd quarter valued at $48,443,000. Finally, Fiduciary Management Inc. WI lifted its stake in shares of nVent Electric by 38.1% in 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 period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NVT. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Barclays restated an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a research report on Monday, November 3rd. Roth Capital reiterated a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a research note on Thursday, November 13th. Finally, KeyCorp upped their target price on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $121.14.

Insiders Place Their Bets

In other news, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric 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 completion of the sale, the chief accounting officer directly owned 26,400 shares in the company, valued at approximately $2,906,112. This represents a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 153,500 shares of company stock worth $17,306,795. Corporate insiders own 2.50% of the company’s stock.

nVent Electric Trading Up 0.3%

NYSE:NVT opened at $104.44 on Wednesday. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market capitalization of $16.85 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The business’s 50-day simple moving average is $101.65 and its 200-day simple moving average is $85.27.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Sell-side analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio is presently 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.