Sequoia Financial Advisors LLC raised its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,540 shares of the company’s stock after purchasing an additional 11,033 shares during the period. Sequoia Financial Advisors LLC’s holdings in nVent Electric were worth $12,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of NVT. Swedbank AB purchased a new stake in shares of nVent Electric in the fourth quarter valued at $59,312,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of nVent Electric by 103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock worth $1,952,000 after buying an additional 9,734 shares during the period. Alua Capital Management LP bought a new stake in shares of nVent Electric during the 1st quarter worth approximately $27,394,000. Dougherty & Associates LLC bought a new stake in shares of nVent Electric during the 4th quarter worth approximately $987,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in nVent Electric by 216.7% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,900 shares of the company’s stock valued at $2,131,000 after acquiring an additional 14,300 shares during the period. 90.05% of the stock is currently owned by institutional investors.
Insider Buying and Selling at nVent Electric
In other nVent Electric news, CAO Randolph Wacker sold 22,525 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert van der Kolk sold 5,858 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the sale, the insider owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 74,644 shares of company stock valued at $12,276,886. Company insiders own 1.70% of the company’s stock.
nVent Electric Price Performance
nVent Electric (NYSE:NVT – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 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 analyst estimates of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter last year, the firm 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, equities research analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.
nVent Electric declared that its Board of Directors has initiated a share repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
NVT has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research report on Tuesday, August 25th. Royal Bank Of Canada boosted their target price on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings cut shares of nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Melius Research initiated coverage on shares of nVent Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $200.00 price objective on shares of nVent Electric in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $199.86.
Check Out Our Latest Research Report on NVT
About nVent Electric
nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.
Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.
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