Navellier & Associates Inc. Increases Holdings in nVent Electric PLC $NVT

Navellier & Associates Inc. raised its holdings in shares of nVent Electric PLC (NYSE:NVTFree Report) by 113.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,573 shares of the company’s stock after purchasing an additional 46,451 shares during the period. nVent Electric accounts for about 1.2% of Navellier & Associates Inc.’s holdings, making the stock its 15th largest holding. Navellier & Associates Inc. owned about 0.05% of nVent Electric worth $14,853,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NVT. Geode Capital Management LLC increased its position in nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after purchasing an additional 217,485 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of nVent Electric by 361.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after purchasing an additional 2,019,483 shares during the period. Norges Bank bought a new stake in shares of nVent Electric during the 4th quarter valued at about $245,955,000. Bank of New York Mellon Corp boosted its stake in shares of nVent Electric by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after purchasing an additional 68,818 shares in the last quarter. Finally, Merewether Investment Management LP increased its position in shares of nVent Electric by 59.2% during the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after buying an additional 631,800 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVT shares. Evercore restated an “outperform” rating and issued a $210.00 price objective on shares of nVent Electric in a report on Monday, August 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Weiss Ratings raised nVent Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $187.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $199.86.

View Our Latest Analysis on nVent Electric

Insider Activity

In other news, CAO Randolph A. Wacker sold 22,525 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares in the company, valued at $4,517,337.42. This represents a 45.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the sale, the insider directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 74,644 shares of company stock valued at $12,276,886 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

nVent Electric Price Performance

NYSE NVT opened at $149.00 on Friday. nVent Electric PLC has a one year low of $87.16 and a one year high of $184.64. The stock has a 50-day moving average of $159.15 and a 200 day moving average of $145.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.31 and a beta of 1.37.

nVent Electric (NYSE:NVTGet Free Report) last posted its earnings results 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 business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business’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 business earned $0.86 EPS. 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, sell-side analysts forecast that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric declared that its Board of Directors has authorized a stock repurchase plan 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 plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.

Further Reading

Institutional Ownership by Quarter for nVent Electric (NYSE:NVT)

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