Hoese & Co LLP Purchases 500 Shares of nVent Electric PLC $NVT

Hoese & Co LLP boosted its position in nVent Electric PLC (NYSE:NVT) by 223.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 724 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Hoese & Co LLP’s holdings in nVent Electric were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NVT. SVB Wealth LLC bought a new position in nVent Electric in the first quarter worth $25,000. Trust Co. of Vermont grew 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 during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of nVent Electric in the first quarter worth $36,000. First Horizon Advisors Inc. grew its stake in shares of nVent Electric by 58.0% in the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of nVent Electric in the second quarter worth $46,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Down 1.2%

nVent Electric stock opened at $99.34 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric PLC has a one year low of $41.71 and a one year high of $102.31. The stock has a market capitalization of $15.99 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. The business’s fifty day moving average is $94.52 and its 200 day moving average is $76.17.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the prior year, the company earned $0.82 earnings per share. nVent Electric’s revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, sell-side analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is 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 is currently 22.79%.

Insider Buying and Selling

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the transaction, the insider owned 66,640 shares of the company’s stock, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the transaction, the executive vice president directly owned 70,817 shares in the company, valued at approximately $6,336,705.16. This represents a 62.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 in the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the topic of a number of recent research reports. KeyCorp increased their target price on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research note on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of nVent Electric in a research note on Thursday, October 9th. Roth Capital reissued a “buy” rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, The Goldman Sachs Group increased their target price on nVent Electric from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $99.71.

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.