nVent Electric PLC $NVT Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. grew its holdings in shares of nVent Electric PLC (NYSE:NVT) by 23.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,721 shares of the company’s stock after acquiring an additional 14,171 shares during the period. Focus Financial Network Inc.’s holdings in nVent Electric were worth $7,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont lifted 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 in the last quarter. Manchester Capital Management LLC increased its holdings in nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. True Wealth Design LLC raised its position in shares of nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 409 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of nVent Electric in the 1st quarter valued at approximately $25,000. Finally, Headlands Technologies LLC boosted its stake in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 434 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Trading Up 3.3%

nVent Electric stock opened at $101.49 on Friday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The firm’s 50-day moving average is $104.90 and its 200-day moving average is $91.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $16.38 billion, a P/E ratio of 27.96, a PEG ratio of 1.21 and a beta of 1.32.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. 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. On average, equities analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s payout ratio is currently 22.04%.

Insiders Place Their Bets

In related news, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the transaction, the insider owned 66,680 shares in the company, valued at $7,520,170.40. The trade was a 63.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greg Scheu sold 5,591 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the transaction, the director owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. The trade was a 28.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 163,228 shares of company stock worth $18,345,001. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVT. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Barclays boosted their target price on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research report on Monday. Finally, Roth Capital reissued a “buy” rating and issued a $130.00 price objective (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.