nVent Electric PLC (NYSE:NVT) Short Interest Update

nVent Electric PLC (NYSE:NVT) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 4,097,660 shares, an increase of 45.0% from the November 30th total of 2,826,284 shares. Based on an average daily volume of 2,135,227 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.6% of the company’s stock are short sold. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 2,135,227 shares, the days-to-cover ratio is presently 1.9 days.

Insider Activity

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of nVent Electric stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the transaction, the insider owned 66,680 shares of the company’s stock, valued at $7,520,170.40. This trade represents a 63.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Beth Wozniak sold 4,137 shares of nVent Electric 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 in the company, valued at $5,295,034.40. This trade represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 163,228 shares of company stock worth $18,345,001. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in NVT. Global Trust Asset Management LLC bought a new stake in shares of nVent Electric in the third quarter valued at about $30,000. Root Financial Partners LLC purchased a new stake in shares of nVent Electric in the 3rd quarter worth approximately $31,000. Trust Co. of Vermont boosted its stake in shares of nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after purchasing an additional 159 shares in the last quarter. True Wealth Design LLC increased its holdings in nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 409 shares during the period. Finally, Manchester Capital Management LLC raised its stake in nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Citigroup boosted their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Barclays upped their price objective on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. KeyCorp raised their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, nVent Electric has an average rating of “Buy” and a consensus target price of $123.25.

nVent Electric Stock Performance

NVT stock traded down $0.90 during midday trading on Wednesday, reaching $102.11. 761,028 shares of the company’s stock traded hands, compared to its average volume of 2,144,828. 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 stock’s 50-day moving average is $105.40 and its 200 day moving average is $93.40. The stock has a market cap of $16.48 billion, a P/E ratio of 28.13, a PEG ratio of 1.27 and a beta of 1.32. nVent Electric has a 52-week low of $41.71 and a 52-week high of $117.52.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results 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 business 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 company’s revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, analysts anticipate that nVent Electric will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is 23.14%.

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.