Sterling Capital Management LLC Sells 4,074 Shares of nVent Electric PLC $NVT

Sterling Capital Management LLC decreased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 43.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,366 shares of the company’s stock after selling 4,074 shares during the quarter. Sterling Capital Management LLC’s holdings in nVent Electric were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVT. Annex Advisory Services LLC lifted its position in nVent Electric by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after purchasing an additional 94 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock worth $267,000 after buying an additional 94 shares during the last quarter. CI Investments Inc. increased its holdings in shares of nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock worth $70,000 after buying an additional 96 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in shares of nVent Electric by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock valued at $1,055,000 after buying an additional 98 shares in the last quarter. Finally, NorthRock Partners LLC raised its position in shares of nVent Electric by 1.9% during the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after buying an additional 104 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $159.86 on Thursday. The stock has a market cap of $25.85 billion, a PE ratio of 53.11, a PEG ratio of 1.60 and a beta of 1.36. The company’s fifty day moving average is $163.75 and its 200 day moving average is $131.32. nVent Electric PLC has a 52 week low of $68.90 and a 52 week high of $184.64. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was up 53.5% on a year-over-year basis. 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. Research analysts anticipate that nVent Electric PLC will post 4.56 earnings per share for the current year.

nVent Electric declared that its Board of Directors has approved a stock repurchase program on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

nVent Electric Dividend Announcement

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

Insider Activity at nVent Electric

In related news, insider Sara E. Zawoyski sold 29,412 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider directly owned 97,068 shares in the company, valued at $16,743,259.32. This represents a 23.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the transaction, the executive vice president owned 37,089 shares in the company, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 87,685 shares of company stock worth $14,961,768 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVT. The Goldman Sachs Group upped their target price on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup raised their price target on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. UBS Group reiterated a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Sanford C. Bernstein set a $218.00 price objective on nVent Electric and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Finally, Roth Mkm reiterated a “buy” rating and set a $185.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, nVent Electric currently has an average rating of “Buy” and a consensus target price of $189.50.

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.