Engineers Gate Manager LP Has $5.69 Million Stock Holdings in nVent Electric PLC $NVT

Engineers Gate Manager LP raised its stake in nVent Electric PLC (NYSE:NVT) by 327.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 33,538 shares of the company’s stock after acquiring an additional 25,686 shares during the quarter. Engineers Gate Manager LP’s holdings in nVent Electric were worth $5,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NorthRock Partners LLC raised its holdings in shares of nVent Electric by 1.0% during the second quarter. NorthRock Partners LLC now owns 6,602 shares of the company’s stock valued at $1,120,000 after purchasing an additional 66 shares during the period. Sowell Financial Services LLC increased its position in nVent Electric by 1.7% in the 2nd quarter. Sowell Financial Services LLC now owns 4,012 shares of the company’s stock valued at $680,000 after buying an additional 67 shares in the last quarter. AlTi Global Inc. increased its position in nVent Electric by 1.8% in the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock valued at $483,000 after buying an additional 74 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in nVent Electric by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock worth $977,000 after buying an additional 77 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in nVent Electric by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock worth $1,167,000 after buying an additional 93 shares during the period. 90.05% of the stock is owned by institutional investors.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $162.61 on Friday. nVent Electric PLC has a 52 week low of $93.22 and a 52 week high of $184.64. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $157.06 and a 200-day moving average price of $148.65. The company has a market cap of $26.32 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.38% and a return on equity of 18.85%. The business’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. 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. Equities analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NVT shares. Roth Capital reiterated a “buy” rating and issued a $210.00 price target (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Wolfe Research restated an “outperform” rating and set a $191.00 price objective on shares of nVent Electric in a report on Thursday, July 9th. Melius Research assumed coverage on nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 target price on the stock. UBS Group reiterated a “buy” rating on shares of nVent Electric in a report on Tuesday, August 25th. Finally, Evercore reissued an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $199.86.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the transaction, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the sale, the chief accounting officer owned 27,441 shares in the company, valued at $4,517,337.42. The trade was a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 74,644 shares of company stock worth $12,276,886. Insiders own 1.70% of the company’s stock.

About nVent Electric

nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.