nVent Electric PLC $NVT Shares Bought by Assenagon Asset Management S.A.

Posted by Brenda Bartman on Jun 28th, 2026

Assenagon Asset Management S.A. lifted its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 351.5% during the first quarter, Holdings Channel reports. The firm owned 109,029 shares of the company’s stock after purchasing an additional 84,882 shares during the quarter. Assenagon Asset Management S.A.’s holdings in nVent Electric were worth $12,896,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC increased its holdings in nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after buying an additional 173 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of nVent Electric during the 4th quarter valued at about $32,000. Elyxium Wealth LLC acquired a new stake in nVent Electric during the fourth quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in nVent Electric in the third quarter valued at $35,000. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of nVent Electric in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $163.26 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $26.40 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 1.54 and a beta of 1.35. The stock’s 50 day moving average is $161.90 and its 200-day moving average is $129.98. nVent Electric PLC has a 12 month low of $68.90 and a 12 month high of $184.64.

nVent Electric (NYSE:NVT – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. 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. Equities research analysts expect that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is 27.91%.

nVent Electric announced that its Board of Directors has approved a stock buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NVT shares. Evercore restated an “outperform” rating and issued a $190.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays boosted their target price on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $187.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $189.50.

Check Out Our Latest Report on NVT

Insider Transactions at nVent Electric

In other news, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total value of $5,073,275.88. Following the transaction, the insider directly owned 97,068 shares of the company’s stock, valued at $16,743,259.32. The trade was 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 stock in a transaction 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 transaction, the executive vice president directly owned 37,089 shares in the company, valued at approximately $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by insiders.

About nVent Electric

(Free Report)

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.