nVent Electric PLC $NVT is Rempart Asset Management Inc.’s 5th Largest Position

Rempart Asset Management Inc. trimmed its position in nVent Electric PLC (NYSE:NVT) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 294,325 shares of the company’s stock after selling 6,800 shares during the quarter. nVent Electric comprises about 5.4% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 5th biggest position. Rempart Asset Management Inc.’s holdings in nVent Electric were worth $29,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVT. Trust Co. of Vermont grew its holdings in nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 159 shares in the last quarter. True Wealth Design LLC boosted its position in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 434 shares in the last quarter. Finally, First Horizon Corp bought a new stake in nVent Electric in the third quarter worth $41,000. 90.05% of the stock is owned by institutional investors.

nVent Electric Price Performance

NVT opened at $106.33 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $105.47 and its 200-day simple moving average is $95.57. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.07 and a beta of 1.34. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company 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 firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period 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 and its FY 2025 guidance at 3.310-3.330 EPS. On average, equities research analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.21 per share. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. 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. nVent Electric’s payout ratio is 22.04%.

Insider Buying and Selling

In other news, insider Sara E. Zawoyski sold 115,557 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the completion of the transaction, the insider directly owned 66,680 shares of the company’s stock, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the sale, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders have sold a total of 163,228 shares of company stock valued at $18,345,001 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NVT. UBS Group initiated coverage on shares of nVent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 29th. Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Capital restated a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Citigroup upped their price target on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $123.25.

nVent Electric 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.