Public Employees Retirement Association of Colorado lowered its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 328,915 shares of the company’s stock after selling 30,000 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in nVent Electric were worth $33,539,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Annex Advisory Services LLC increased its holdings in shares of nVent Electric by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after acquiring an additional 94 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of nVent Electric by 3.7% during the fourth quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after acquiring an additional 94 shares in the last quarter. CI Investments Inc. increased its holdings in nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock worth $70,000 after buying an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its holdings in nVent Electric by 0.9% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after buying an additional 98 shares during the period. Finally, NorthRock Partners LLC increased its holdings in nVent Electric by 1.9% in the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock worth $554,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on NVT shares. Barclays increased their price target on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. KeyCorp increased their price target on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Glj Research started coverage on shares of nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, nVent Electric presently has an average rating of “Buy” and a consensus price target of $187.27.
Insider Buying and Selling at nVent Electric
In other news, insider Sara E. Zawoyski sold 29,412 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the sale, the insider owned 97,068 shares of the company’s stock, valued at $16,743,259.32. This trade represents a 23.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares in the company, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by insiders.
nVent Electric Price Performance
Shares of NYSE NVT opened at $166.13 on Monday. The stock has a market capitalization of $26.87 billion, a price-to-earnings ratio of 55.19, a PEG ratio of 1.57 and a beta of 1.35. nVent Electric PLC has a 12 month low of $67.79 and a 12 month high of $178.00. The firm’s 50 day simple moving average is $152.70 and its 200-day simple moving average is $125.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21.
nVent Electric (NYSE:NVT – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business’s revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. 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. Analysts expect that nVent Electric PLC will post 4.55 EPS for the current year.
nVent Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.
nVent Electric announced that its Board of Directors has approved a share repurchase program on Saturday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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.
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