nVent Electric PLC (NYSE:NVT) Declares Dividend Increase – $0.21 Per Share

nVent Electric PLC (NYSE:NVT) announced a quarterly dividend on Monday, December 15th. Investors of record on Friday, January 23rd will be paid a dividend of 0.21 per share on Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 23rd. This is a 5.0% increase from nVent Electric’s previous quarterly dividend of $0.20.

nVent Electric has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. nVent Electric has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect nVent Electric to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 23.5%.

nVent Electric Stock Down 1.2%

NYSE NVT traded down $1.24 during trading hours on Tuesday, hitting $101.37. The company had a trading volume of 318,408 shares, compared to its average volume of 2,140,820. The firm’s 50 day moving average is $104.73 and its 200 day moving average is $90.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. nVent Electric has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.25 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 EPS for the quarter, topping 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly 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. Sell-side analysts anticipate that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Randolph A. Wacker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was 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. The trade was a 15.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief executive officer directly owned 47,984 shares in the company, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 163,228 shares of company stock worth $18,345,001. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On nVent Electric

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of nVent Electric during the second quarter valued at approximately $234,290,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after purchasing an additional 1,896,749 shares during the last quarter. Holocene Advisors LP acquired a new position in nVent Electric during the 3rd quarter valued at approximately $151,265,000. American Century Companies Inc. boosted its position 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 valued at $76,682,000 after purchasing an additional 1,388,578 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in nVent Electric by 3,467.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after buying an additional 1,288,924 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.