nVent Electric PLC (NYSE:NVT – Get Free Report) insider Der Kolk Robert Van sold 5,858 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the transaction, the insider directly owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
nVent Electric Trading Up 2.6%
Shares of NYSE:NVT opened at $171.56 on Thursday. The business’s 50-day moving average is $161.18 and its 200 day moving average is $142.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. nVent Electric PLC has a 1 year low of $85.72 and a 1 year high of $184.64. The firm has a market capitalization of $27.77 billion, a P/E ratio of 46.87, a P/E/G ratio of 1.40 and a beta of 1.37.
nVent Electric (NYSE:NVT – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, research analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.
nVent Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.21 dividend. The ex-dividend date of this dividend was 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 currently 22.95%.
Analyst Upgrades and Downgrades
NVT has been the subject of a number of research analyst reports. Melius Research initiated coverage on nVent Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $214.00 target price for the company. Seaport Research Partners reissued a “buy” rating and issued a $215.00 price objective on shares of nVent Electric in a report on Monday, August 3rd. Barclays raised their price objective on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Citigroup lifted their target price on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $198.79.
Check Out Our Latest Stock Report on NVT
Hedge Funds Weigh In On nVent Electric
Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after acquiring an additional 23,606 shares during the period. Jones Financial Companies Lllp lifted its holdings in nVent Electric by 575.6% in the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after acquiring an additional 7,500 shares during the period. Geneos Wealth Management Inc. boosted its position in nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after purchasing an additional 872 shares in the last quarter. Marshall Wace LLP boosted its position in nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock worth $3,008,000 after purchasing an additional 9,898 shares in the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of nVent Electric by 57.7% during the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock worth $596,000 after purchasing an additional 2,977 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.
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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