Capital Research Global Investors Sells 276,944 Shares of nVent Electric PLC $NVT

Capital Research Global Investors reduced its position in nVent Electric PLC (NYSE:NVT) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,847,016 shares of the company’s stock after selling 276,944 shares during the quarter. Capital Research Global Investors owned about 2.38% of nVent Electric worth $379,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVT. AQR Capital Management LLC increased its position in nVent Electric by 33.1% in the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after purchasing an additional 7,500 shares during the period. Geneos Wealth Management Inc. lifted its stake in nVent Electric by 436.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after buying an additional 872 shares during the period. Assetmark Inc. boosted its holdings in shares of nVent Electric by 61.7% during the 2nd quarter. Assetmark Inc. now owns 920 shares of the company’s stock worth $67,000 after buying an additional 351 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of nVent Electric in the 2nd quarter valued at $64,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other news, Director Susan M. Cameron sold 5,000 shares of nVent Electric stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total transaction of $572,600.00. Following the completion of the transaction, the director directly owned 13,405 shares in the company, valued at approximately $1,535,140.60. This trade represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Beth Wozniak sold 7,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the transaction, the chief executive officer owned 52,990 shares of the company’s stock, valued at approximately $6,171,745.30. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,841 shares of company stock worth $2,046,166 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NVT shares. Zacks Research cut shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. UBS Group assumed coverage on nVent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $128.00 target price for the company. Wall Street Zen downgraded nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Citigroup increased their price target on nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, nVent Electric has an average rating of “Moderate Buy” and a consensus price target of $129.00.

nVent Electric Price Performance

nVent Electric stock opened at $109.09 on Wednesday. nVent Electric PLC has a one year low of $41.71 and a one year high of $122.92. The business has a fifty day moving average price of $111.93 and a 200-day moving average price of $104.93. 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 firm has a market capitalization of $17.64 billion, a P/E ratio of 25.37, a PEG ratio of 1.12 and a beta of 1.31.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. nVent Electric’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. 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. As a group, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a $0.21 dividend. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is 19.53%.

nVent Electric Profile

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.