Gateway Wealth Partners LLC bought a new position in shares of nVent Electric PLC (NYSE:NVT – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,380 shares of the company’s stock, valued at approximately $1,228,000.
Several other hedge funds have also modified their holdings of the business. Manchester Capital Management LLC grew its holdings in nVent Electric by 128.1% during the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in nVent Electric in the fourth quarter valued at $32,000. Advisory Services Network LLC acquired a new stake in nVent Electric in the third quarter valued at $35,000. Elyxium Wealth LLC purchased a new stake in shares of nVent Electric during the 4th quarter worth $36,000. Finally, Headlands Technologies LLC boosted its position in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after purchasing an additional 434 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NVT has been the subject of a number of research analyst reports. Evercore reiterated an “outperform” rating and issued a $190.00 price target on shares of nVent Electric in a report on Monday, May 4th. Robert W. Baird began coverage on shares of nVent Electric in a report on Wednesday, July 15th. They set an “outperform” rating and a $188.00 price objective on the stock. Melius Research started coverage on shares of nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 target price on the stock. Barclays increased their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, UBS Group reiterated a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $190.57.
nVent Electric Stock Performance
Shares of NVT opened at $141.59 on Wednesday. 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 stock has a market cap of $22.90 billion, a P/E ratio of 47.04, a PEG ratio of 1.41 and a beta of 1.36. The company has a 50-day moving average of $163.16 and a two-hundred day moving average of $138.30. nVent Electric PLC has a 12-month low of $78.03 and a 12-month high of $184.64.
nVent Electric (NYSE:NVT – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the business earned $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 predict that nVent Electric PLC will post 4.56 EPS for the current fiscal year.
nVent Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors 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 0.6%. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.
nVent Electric announced that its Board of Directors has initiated a share buyback 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
Insider Activity
In related news, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the sale, the chief accounting officer owned 49,873 shares in the company, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the transaction, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. This trade represents a 40.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 in the last quarter. Corporate insiders own 1.70% of the company’s stock.
nVent Electric 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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