Edmond DE Rothschild Holding S.A. Raises Stock Position in nVent Electric PLC $NVT

Edmond DE Rothschild Holding S.A. lifted its position in nVent Electric PLC (NYSE:NVT - Free Report) by 12.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,513 shares of the company's stock after purchasing an additional 3,219 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in nVent Electric were worth $2,162,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new stake in nVent Electric during the 1st quarter valued at $229,615,000. Massachusetts Financial Services Co. MA increased its stake in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company's stock valued at $234,074,000 after buying an additional 1,896,749 shares during the period. American Century Companies Inc. raised its holdings in shares of nVent Electric by 1,869.8% in the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after acquiring an additional 1,388,578 shares in the last quarter. William Blair Investment Management LLC lifted its stake in nVent Electric by 29.5% in the second quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company's stock worth $228,096,000 after acquiring an additional 709,464 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in nVent Electric during the 2nd quarter worth about $48,443,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In other news, insider Sara E. Zawoyski sold 115,557 shares of the firm's stock in a transaction dated 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 in the company, valued at $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief accounting officer directly owned 26,400 shares of the company's stock, valued at $2,906,112. This trade represents a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,228 shares of company stock worth $18,345,001 in the last quarter. 2.50% of the stock is owned by insiders.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $104.99 on Wednesday. The company has a 50 day moving average price of $102.42 and a 200 day moving average price of $86.77. The firm has a market capitalization of $16.94 billion, a P/E ratio of 28.92, a PEG ratio of 1.44 and a beta of 1.40. 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 - Get Free Report) last released its earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. nVent Electric's revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Sell-side analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. nVent Electric's dividend payout ratio (DPR) is 22.04%.

Analyst Ratings Changes

Several research firms have recently commented on NVT. Citigroup boosted 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. Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the stock an "outperform" rating in a research note on Monday, November 3rd. UBS Group assumed coverage on nVent Electric in a report on Thursday, November 20th. They set a "buy" rating and a $128.00 target price for the company. KeyCorp lifted their price target on nVent Electric from $103.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group boosted their price target on nVent Electric from $111.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $122.00.

Check Out Our Latest Research Report on NVT

About nVent Electric

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.

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