Jerry Burris Sells 5,244 Shares of nVent Electric (NYSE:NVT) Stock

nVent Electric PLC (NYSE:NVT) Director Jerry Burris sold 5,244 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $112.27, for a total transaction of $588,743.88. Following the completion of the sale, the director owned 46,371 shares of the company’s stock, valued at $5,206,072.17. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

nVent Electric Price Performance

NVT traded up $2.04 on Monday, reaching $114.68. 3,499,897 shares of the company’s stock were exchanged, compared to its average volume of 2,247,015. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The stock’s fifty day moving average price is $107.43 and its 200-day moving average price is $100.60. The stock has a market cap of $18.50 billion, a PE ratio of 26.67, a P/E/G ratio of 1.19 and a beta of 1.33. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $120.85.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The company’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Sell-side analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a $0.21 dividend. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio is currently 19.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NVT shares. Wall Street Zen cut nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada lifted their price objective on nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday. Roth Mkm reiterated a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Citigroup lifted their target price on nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $126.25.

Institutional Investors Weigh In On nVent Electric

A number of hedge funds and other institutional investors have recently modified their holdings of NVT. Global Trust Asset Management LLC acquired a new position in shares of nVent Electric during the third quarter worth $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric during the 3rd quarter worth about $31,000. True Wealth Design LLC boosted its position in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in nVent Electric during the fourth quarter worth approximately $32,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.