Mountain Pacific Investment Advisers LLC Sells 118,850 Shares of nVent Electric PLC $NVT

Mountain Pacific Investment Advisers LLC lowered its position in nVent Electric PLC (NYSE:NVT) by 56.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 90,867 shares of the company’s stock after selling 118,850 shares during the period. nVent Electric comprises approximately 1.4% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 22nd largest position. Mountain Pacific Investment Advisers LLC’s holdings in nVent Electric were worth $8,963,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of nVent Electric in the 3rd quarter worth approximately $31,000. Arkadios Wealth Advisors purchased a new position in nVent Electric in the 3rd quarter worth $394,000. Verdence Capital Advisors LLC lifted its stake in nVent Electric by 3.6% in the third quarter. Verdence Capital Advisors LLC now owns 3,435 shares of the company’s stock worth $357,000 after purchasing an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in nVent Electric by 8.8% in the third quarter. Sequoia Financial Advisors LLC now owns 61,071 shares of the company’s stock worth $6,024,000 after purchasing an additional 4,946 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in nVent Electric by 6.7% during the third quarter. QRG Capital Management Inc. now owns 4,949 shares of the company’s stock valued at $488,000 after buying an additional 312 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at nVent Electric

In related news, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction dated Wednesday, November 5th. The shares were 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 of the company’s stock, valued at $7,520,170.40. This represents a 63.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at $2,906,112. This represents a 15.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 163,228 shares of company stock worth $18,345,001. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp lifted their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and set a $136.00 price target on shares of nVent Electric in a research report on Thursday, January 15th. Citigroup lifted 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. The Goldman Sachs Group increased their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Barclays raised their target price 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. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and a consensus price target of $123.63.

nVent Electric Trading Up 2.4%

NYSE NVT opened at $112.55 on Thursday. The stock has a market cap of $18.16 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The stock has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $97.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57.

nVent Electric (NYSE:NVT) last posted 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 firm 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 business’s revenue was up 34.8% compared to the same quarter last year. During the same period in the previous 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, analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be issued a $0.21 dividend. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 23rd. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is currently 22.04%.

nVent Electric Company Profile

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.