nVent Electric PLC (NYSE:NVT) Short Interest Update
by Doug Wharley · The Cerbat GemnVent Electric PLC (NYSE:NVT – Get Free Report) was the recipient 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 trading volume of 2,135,227 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.6% of the company’s shares are sold short. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 2,135,227 shares, the days-to-cover ratio is presently 1.9 days.
Insider Transactions at nVent Electric
In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the stock in a transaction on 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 of the company’s stock, valued at $7,520,170.40. This represents a 63.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total value of $3,723,876.72. Following the completion of the transaction, the executive vice president owned 30,562 shares of the company’s stock, valued at $3,454,728.48. The trade was a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 163,228 shares of company stock worth $18,345,001 in the last three months. 2.50% of the stock is currently owned by company insiders.
Institutional Trading of nVent Electric
Several hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of nVent Electric by 2.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,081,899 shares of the company’s stock worth $79,249,000 after buying an additional 30,267 shares during the period. Nordea Investment Management AB lifted its stake in nVent Electric by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock worth $8,613,000 after acquiring an additional 4,427 shares in the last quarter. Vontobel Holding Ltd. boosted its position in nVent Electric by 19.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company’s stock worth $38,958,000 after acquiring an additional 87,102 shares during the period. Russell Investments Group Ltd. grew its stake in nVent Electric by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock valued at $13,880,000 after acquiring an additional 20,917 shares in the last quarter. Finally, Strs Ohio purchased a new position in nVent Electric during the 1st quarter valued at about $5,294,000. Institutional investors own 90.05% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on NVT. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays upped their target price on shares of nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and an average target price of $123.25.
Get Our Latest Stock Analysis on NVT
nVent Electric Stock Performance
Shares of NVT traded down $1.02 during mid-day trading on Monday, hitting $103.16. The stock had a trading volume of 927,710 shares, compared to its average volume of 2,155,256. nVent Electric has a fifty-two week low of $41.71 and a fifty-two week high of $117.52. 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 $16.65 billion, a PE ratio of 28.42, a PEG ratio of 1.28 and a beta of 1.32. The company’s fifty day simple moving average is $105.27 and its two-hundred day simple moving average is $92.92.
nVent Electric (NYSE:NVT – Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. 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, equities analysts expect that nVent Electric will post 3.04 earnings per share for the current year.
nVent Electric Increases Dividend
The firm also recently disclosed 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. This represents a $0.84 annualized dividend and a yield of 0.8%. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 23rd. nVent Electric’s dividend payout ratio (DPR) is currently 22.04%.
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.