Globeflex Capital L P raised its holdings in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 34,075 shares of the company’s stock after purchasing an additional 3,992 shares during the quarter. Globeflex Capital L P’s holdings in nVent Electric were worth $3,475,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in NVT. Norges Bank purchased a new stake in nVent Electric during the fourth quarter worth $245,955,000. Holocene Advisors LP acquired a new position in shares of nVent Electric in the third quarter worth $151,265,000. Balyasny Asset Management L.P. lifted its position in shares of nVent Electric by 3,467.1% in the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after acquiring an additional 1,288,924 shares in the last quarter. Merewether Investment Management LP purchased a new stake in shares of nVent Electric in the second quarter valued at $78,222,000. Finally, Swedbank AB purchased a new stake in shares of nVent Electric in the fourth quarter valued at $59,312,000. 90.05% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NVT. KeyCorp upped their price objective on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Barclays upped their price objective on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group upped their price objective on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, nVent Electric presently has an average rating of “Buy” and an average price target of $184.20.
Insider Transactions at nVent Electric
In related news, CAO Randolph A. Wacker sold 4,094 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the transaction, the chief accounting officer owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Martha Claire Bennett sold 3,778 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the completion of the transaction, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. This represents a 94.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,685 shares of company stock valued at $14,961,768 in the last three months. 1.70% of the stock is currently owned by company insiders.
nVent Electric Stock Performance
Shares of NYSE:NVT opened at $173.99 on Friday. The firm has a market capitalization of $28.14 billion, a PE ratio of 57.80, a P/E/G ratio of 1.67 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The business has a 50-day moving average of $147.44 and a two-hundred day moving average of $123.03. nVent Electric PLC has a 12 month low of $65.84 and a 12 month high of $178.00.
nVent Electric (NYSE:NVT – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm’s revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current year.
nVent Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio is presently 27.91%.
nVent Electric declared that its Board of Directors has approved a share repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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.
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