nVent Electric PLC $NVT Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its holdings in nVent Electric PLC (NYSE:NVT) by 78.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,065 shares of the company’s stock after selling 26,406 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in nVent Electric were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in nVent Electric by 2.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,081,899 shares of the company’s stock valued at $79,249,000 after purchasing an additional 30,267 shares during the period. Nordea Investment Management AB increased its position in shares of nVent Electric by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after purchasing an additional 4,427 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in nVent Electric by 19.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock valued at $38,958,000 after buying an additional 87,102 shares during the period. Russell Investments Group Ltd. lifted its position in nVent Electric by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock valued at $13,880,000 after buying an additional 20,917 shares during the last quarter. Finally, Strs Ohio acquired a new position in nVent Electric in the first quarter valued at about $5,294,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NVT stock opened at $104.15 on Friday. The firm has a 50 day moving average of $105.27 and a two-hundred day moving average of $92.75. The stock has a market capitalization of $16.81 billion, a PE ratio of 28.69, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $117.52.

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

nVent Electric Increases Dividend

The business 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 23rd. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio (DPR) is 23.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVT shares. Royal Bank Of Canada lifted their price target on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Barclays lifted their target price on shares of nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Citigroup upped their price target on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 22nd. Finally, Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, nVent Electric currently has an average rating of “Buy” and a consensus price target of $123.25.

Insider Buying and Selling at nVent Electric

In other news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $110.35, for a total transaction of $456,517.95. Following the completion of the transaction, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sara E. Zawoyski sold 115,557 shares of the company’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 sale, the insider owned 66,680 shares in the company, valued at $7,520,170.40. The trade was a 63.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 163,228 shares of company stock valued at $18,345,001. 1.80% of the stock is currently owned by company insiders.

About nVent Electric

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.