Retirement Systems of Alabama Trims Stock Position in nVent Electric PLC $NVT

Retirement Systems of Alabama decreased its stake in nVent Electric PLC (NYSE:NVT) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,155 shares of the company’s stock after selling 6,628 shares during the quarter. Retirement Systems of Alabama owned approximately 0.24% of nVent Electric worth $37,400,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. BCS Private Wealth Management Inc. boosted its position in nVent Electric by 1.5% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 6,631 shares of the company’s stock worth $654,000 after purchasing an additional 100 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of nVent Electric by 1.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,242 shares of the company’s stock valued at $1,010,000 after purchasing an additional 111 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in nVent Electric by 1.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,137 shares of the company’s stock worth $605,000 after buying an additional 113 shares in the last quarter. Verdence Capital Advisors LLC grew its position in nVent Electric by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,435 shares of the company’s stock valued at $357,000 after buying an additional 120 shares during the period. Finally, PFG Investments LLC increased its holdings in nVent Electric by 2.7% in the second quarter. PFG Investments LLC now owns 5,020 shares of the company’s stock valued at $368,000 after buying an additional 132 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NYSE:NVT opened at $110.32 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $117.52. The firm has a market capitalization of $17.80 billion, a PE ratio of 30.39, a P/E/G ratio of 1.18 and a beta of 1.34. The business’s 50 day moving average price is $105.46 and its 200-day moving average price is $97.85.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm’s revenue was up 34.8% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently issued reports on NVT. Citigroup increased their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 18th. UBS Group assumed coverage on nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $136.00 price target on shares of nVent Electric in a research note on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $123.63.

Insider Activity

In other news, CEO Beth Wozniak sold 4,137 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total transaction of $456,517.95. Following the transaction, the chief executive officer directly owned 47,984 shares in the company, valued at $5,295,034.40. The trade was a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,228 shares of company stock valued at $18,345,001 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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.