Mutual of America Capital Management LLC Sells 7,544 Shares of nVent Electric PLC $NVT

Mutual of America Capital Management LLC cut its position in nVent Electric PLC (NYSE:NVT) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,330 shares of the company’s stock after selling 7,544 shares during the period. Mutual of America Capital Management LLC’s holdings in nVent Electric were worth $7,332,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVT. Continuum Advisory LLC acquired a new stake in nVent Electric during the 3rd quarter valued at $1,630,000. Nordea Investment Management AB boosted its stake in nVent Electric by 10.0% in the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock worth $12,671,000 after purchasing an additional 11,804 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of nVent Electric by 51.0% during the third quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock worth $3,012,000 after purchasing an additional 10,307 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of nVent Electric by 173.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after purchasing an additional 33,549 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of nVent Electric by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock valued at $13,880,000 after buying an additional 20,917 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Up 2.3%

Shares of NYSE NVT opened at $113.12 on Wednesday. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. The firm has a market capitalization of $18.25 billion, a P/E ratio of 31.16, a P/E/G ratio of 1.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The company’s 50 day simple moving average is $105.77 and its 200 day simple moving average is $98.37.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm 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 business’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. 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 predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, January 23rd. nVent Electric’s dividend payout ratio is currently 23.14%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVT. UBS Group initiated coverage on shares of nVent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $128.00 price target on the stock. Roth Mkm reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Citigroup increased their price target on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 29th. Finally, Barclays upped their price objective on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $123.63.

Insider Transactions at nVent Electric

In other nVent Electric 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 transaction of $13,032,518.46. Following the transaction, the insider owned 66,680 shares in the company, valued at approximately $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Randolph A. Wacker sold 5,000 shares of the business’s 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 transaction, the chief accounting officer owned 26,400 shares of the company’s stock, valued at $2,906,112. The trade was a 15.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 163,228 shares of company stock valued at $18,345,001. Corporate insiders own 2.50% of the company’s stock.

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.