Insider Selling: nVent Electric (NYSE:NVT) Insider Sells 115,557 Shares of Stock

nVent Electric PLC (NYSE:NVT) insider Sara Zawoyski sold 115,557 shares of the company’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 transaction, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

nVent Electric Stock Up 0.9%

Shares of nVent Electric stock traded up $0.94 during trading on Friday, reaching $110.91. The company’s stock had a trading volume of 1,745,464 shares, compared to its average volume of 2,133,967. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 1.52 and a beta of 1.40. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $117.52. The company has a 50-day simple moving average of $98.91 and a two-hundred day simple moving average of $81.84.

nVent Electric (NYSE:NVT) last announced its earnings results 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, equities analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s dividend payout ratio (DPR) is presently 22.04%.

Institutional Trading of nVent Electric

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen LLC acquired a new position in nVent Electric in the first quarter valued at approximately $229,615,000. Norges Bank purchased a new position in shares of nVent Electric during the 2nd quarter valued at approximately $234,290,000. Massachusetts Financial Services Co. MA lifted its stake in shares of nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after purchasing an additional 1,896,749 shares during the period. American Century Companies Inc. lifted its stake in shares of nVent Electric by 1,869.8% in the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the period. Finally, Merewether Investment Management LP purchased a new stake in nVent Electric during the second quarter worth $78,222,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVT has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada boosted their price target on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday. Barclays reissued an “overweight” rating and issued a $130.00 price objective on shares of nVent Electric in a report on Monday. Roth Capital reiterated a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a research report on Monday. Finally, The Goldman Sachs Group increased their price target on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $121.14.

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.