Robeco Schweiz AG reduced its stake in shares of nVent Electric PLC (NYSE:NVT – Free Report) by 3.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,399,162 shares of the company’s stock after selling 50,859 shares during the period. nVent Electric makes up 4.1% of Robeco Schweiz AG’s investment portfolio, making the stock its 2nd biggest position. Robeco Schweiz AG’s holdings in nVent Electric were worth $224,384,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVT. NorthRock Partners LLC increased its stake in nVent Electric by 1.0% in the second quarter. NorthRock Partners LLC now owns 6,602 shares of the company’s stock valued at $1,120,000 after acquiring an additional 66 shares during the last quarter. Sowell Financial Services LLC raised its position in nVent Electric by 1.7% during the second quarter. Sowell Financial Services LLC now owns 4,012 shares of the company’s stock valued at $680,000 after purchasing an additional 67 shares in the last quarter. AlTi Global Inc. raised its position in nVent Electric by 1.8% during the first quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock valued at $483,000 after purchasing an additional 74 shares in the last quarter. Meeder Advisory Services Inc. raised its position in nVent Electric by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock valued at $977,000 after purchasing an additional 77 shares in the last quarter. Finally, CX Institutional lifted its stake in nVent Electric by 2.7% during the third quarter. CX Institutional now owns 3,442 shares of the company’s stock worth $552,000 after purchasing an additional 89 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NVT has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd. Robert W. Baird increased their price objective on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $200.00 price objective on shares of nVent Electric in a report on Saturday, August 1st. Seaport Research Partners reissued a “neutral” rating and set a $225.00 price objective on shares of nVent Electric in a report on Monday, October 12th. Finally, Wells Fargo & Company assumed coverage on nVent Electric in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $198.82.
Check Out Our Latest Analysis on nVent Electric
nVent Electric Price Performance
Shares of nVent Electric stock opened at $125.42 on Friday. 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 one year low of $93.22 and a one year high of $184.64. The business’s 50 day simple moving average is $155.70 and its two-hundred day simple moving average is $156.88. The stock has a market capitalization of $20.30 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35.
nVent Electric (NYSE:NVT – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The firm had revenue of $1.47 billion during 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 quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior 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. Analysts forecast that nVent Electric PLC will post 5.16 EPS for the current year.
nVent Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 23rd. nVent Electric’s payout ratio is presently 22.95%.
Insider Buying and Selling
In related news, CAO Randolph Wacker sold 22,525 shares of the company’s 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 sale, the chief accounting officer directly owned 27,441 shares in the company, valued at $4,517,337.42. This represents a 45.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the sale, the chief executive officer owned 55,612 shares of the company’s stock, valued at $9,143,725.04. This represents a 45.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 74,644 shares of company stock valued at $12,276,886 over the last three months. 1.70% of the stock is owned by company insiders.
nVent Electric Company Profile
nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.
Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.
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