Mountain Pacific Investment Advisers LLC Cuts Stock Holdings in nVent Electric PLC $NVT

Mountain Pacific Investment Advisers LLC lessened its holdings in nVent Electric PLC (NYSE:NVT) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,796 shares of the company’s stock after selling 3,892 shares during the quarter. nVent Electric accounts for about 1.7% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 19th biggest position. Mountain Pacific Investment Advisers LLC owned approximately 0.05% of nVent Electric worth $9,675,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of nVent Electric by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after buying an additional 217,485 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in nVent Electric by 361.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after acquiring an additional 2,019,483 shares during the period. Norges Bank purchased a new stake in shares of nVent Electric during the 4th quarter worth $245,955,000. Bank of New York Mellon Corp grew its stake in shares of nVent Electric by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,949,761 shares of the company’s stock worth $198,817,000 after purchasing an additional 234,755 shares during the period. Finally, Clark Capital Management Group Inc. increased its holdings in shares of nVent Electric by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock valued at $180,551,000 after purchasing an additional 43,502 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Trading Up 0.1%

Shares of nVent Electric stock opened at $177.20 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. nVent Electric PLC has a 1 year low of $68.60 and a 1 year high of $179.03. The company has a market capitalization of $28.66 billion, a P/E ratio of 58.87, a P/E/G ratio of 1.68 and a beta of 1.35. The business has a 50 day moving average price of $157.94 and a 200 day moving average price of $127.87.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.nVent Electric’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts anticipate that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio is currently 27.91%.

nVent Electric declared that its board has authorized a share repurchase plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citigroup raised their price objective on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $189.50.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president owned 37,089 shares of the company’s stock, valued at $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total value of $642,260.00. Following the sale, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $38,250. This represents a 94.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is owned by company insiders.

nVent Electric Company 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.