Beth Wozniak Sells 4,137 Shares of nVent Electric (NYSE:NVT) Stock

nVent Electric PLC (NYSE:NVT) CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at $5,295,034.40. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

nVent Electric Price Performance

Shares of NVT opened at $100.49 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month 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 fifty day moving average price of $102.09 and a 200 day moving average price of $85.97. The company has a market cap of $16.22 billion, a P/E ratio of 27.68, a PEG ratio of 1.39 and a beta of 1.40.

nVent Electric (NYSE:NVT) last released its quarterly 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.8%. nVent Electric’s payout ratio is presently 22.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective 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. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Citigroup boosted their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. KeyCorp upped their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, UBS Group began coverage on nVent Electric in a research report on Thursday. They set a “buy” rating and a $128.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $122.00.

Institutional Investors Weigh In On nVent Electric

Large investors have recently modified their holdings of the stock. CWM LLC lifted its stake in nVent Electric by 83.5% during the first quarter. CWM LLC now owns 6,697 shares of the company’s stock valued at $351,000 after buying an additional 3,048 shares in the last quarter. IFP Advisors Inc grew its position in nVent Electric by 669.7% in the first quarter. IFP Advisors Inc now owns 4,287 shares of the company’s stock worth $225,000 after acquiring an additional 3,730 shares in the last quarter. PFG Advisors boosted its stake in shares of nVent Electric by 8.0% during the 1st quarter. PFG Advisors now owns 10,011 shares of the company’s stock worth $525,000 after acquiring an additional 741 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of nVent Electric by 4.8% during the 1st quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock worth $1,840,000 after buying an additional 1,600 shares during the period. Finally, Wakefield Asset Management LLLP acquired a new position in shares of nVent Electric during the 1st quarter worth about $239,000. 90.05% of the stock is owned by institutional investors.

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.