Wellington Management Group LLP Purchases 54,680 Shares of nVent Electric PLC $NVT

Wellington Management Group LLP lifted its position in shares of nVent Electric PLC (NYSE:NVTFree Report) by 103.0% during the second quarter, HoldingsChannel reports. The firm owned 107,780 shares of the company’s stock after buying an additional 54,680 shares during the quarter. Wellington Management Group LLP’s holdings in nVent Electric were worth $18,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVT. Swedbank AB acquired a new position in nVent Electric in the fourth quarter valued at about $59,312,000. Katamaran Capital LLP acquired a new stake in shares of nVent Electric during the fourth quarter worth about $2,171,000. Northwestern Mutual Wealth Management Co. raised its position in shares of nVent Electric by 103.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock worth $1,952,000 after purchasing an additional 9,734 shares during the period. Alua Capital Management LP bought a new position in shares of nVent Electric during the 1st quarter valued at about $27,394,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of nVent Electric by 543.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 76,749 shares of the company’s stock valued at $7,826,000 after purchasing an additional 64,827 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In related news, CAO Randolph Wacker sold 22,525 shares of the stock in a transaction on 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 completion of the transaction, the chief accounting officer owned 27,441 shares in the company, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert van der Kolk sold 5,858 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This trade represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 74,644 shares of company stock worth $12,276,886 over the last ninety days. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NVT shares. Seaport Research Partners reissued a “buy” rating and set a $215.00 target price on shares of nVent Electric in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price target 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. Melius Research assumed coverage on shares of nVent Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price target for the company. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Roth Capital restated a “buy” rating and set a $210.00 price objective (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $199.86.

Get Our Latest Report on NVT

nVent Electric Stock Down 0.0%

NVT stock opened at $155.96 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The stock has a market capitalization of $25.24 billion, a P/E ratio of 42.61, a P/E/G ratio of 1.31 and a beta of 1.36. nVent Electric PLC has a fifty-two week low of $89.90 and a fifty-two week high of $184.64. The business has a 50-day moving average of $157.09 and a 200-day moving average of $147.36.

nVent Electric (NYSE:NVTGet Free Report) last announced its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The business 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%.nVent Electric’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the firm 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 anticipate that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric announced that its board has initiated a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

nVent Electric Profile

(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.

See Also

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

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