Hollencrest Capital Management Boosts Position in nVent Electric PLC $NVT

Hollencrest Capital Management grew its holdings in nVent Electric PLC (NYSE:NVT) by 378,500.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,572 shares of the company’s stock after acquiring an additional 7,570 shares during the period. Hollencrest Capital Management’s holdings in nVent Electric were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of nVent Electric by 33.1% in the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after buying an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of nVent Electric by 575.6% in the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares during the period. Geneos Wealth Management Inc. raised its position in shares of nVent Electric by 436.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after acquiring an additional 872 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of nVent Electric by 65.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,302 shares of the company’s stock worth $242,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of nVent Electric by 26.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,542 shares of the company’s stock valued at $259,000 after acquiring an additional 731 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on NVT. The Goldman Sachs Group raised their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research note on Monday, December 29th. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Citigroup lifted 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. Finally, Barclays increased their target price on shares of nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $123.63.

nVent Electric Trading Up 0.9%

Shares of nVent Electric stock opened at $114.15 on Thursday. The stock has a 50 day moving average of $105.94 and a 200 day moving average of $98.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.21 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.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This is a positive change 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%. nVent Electric’s dividend payout ratio is presently 23.14%.

Insiders Place Their Bets

In related news, Director Greg Scheu sold 5,591 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $104.04, for a total transaction of $581,687.64. Following the transaction, the director owned 14,348 shares of the company’s stock, valued at approximately $1,492,765.92. This represents a 28.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Beth Wozniak sold 4,137 shares of nVent Electric stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the transaction, the chief executive officer directly owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 163,228 shares of company stock valued at $18,345,001. 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.