Handelsbanken Fonder AB Lowers Position in nVent Electric PLC $NVT

Handelsbanken Fonder AB lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 556,944 shares of the company’s stock after selling 8,486 shares during the period. Handelsbanken Fonder AB’s holdings in nVent Electric were worth $54,937,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BCS Private Wealth Management Inc. grew its stake in shares of nVent Electric by 1.5% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 6,631 shares of the company’s stock valued at $654,000 after buying an additional 100 shares during the period. Fulton Bank N.A. boosted its holdings in nVent Electric by 1.1% in the third quarter. Fulton Bank N.A. now owns 10,242 shares of the company’s stock valued at $1,010,000 after acquiring an additional 111 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in nVent Electric by 1.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,137 shares of the company’s stock valued at $605,000 after acquiring an additional 113 shares during the period. OneDigital Investment Advisors LLC increased its stake in nVent Electric by 3.7% during the third quarter. OneDigital Investment Advisors LLC now owns 3,224 shares of the company’s stock worth $318,000 after acquiring an additional 115 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in nVent Electric by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,435 shares of the company’s stock worth $357,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In other news, Director Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction of $588,743.88. Following the sale, the director directly owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan M. Cameron sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total value of $572,600.00. Following the completion of the transaction, the director owned 13,405 shares in the company, valued at approximately $1,535,140.60. This trade represents a 27.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,841 shares of company stock worth $2,046,166 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

nVent Electric Trading Down 0.0%

NVT opened at $121.76 on Friday. The firm has a market capitalization of $19.69 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.27 and a beta of 1.33. The firm’s 50 day moving average is $110.51 and its 200-day moving average is $103.43. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $122.92. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share 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 the consensus estimate of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Analysts expect that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is currently 19.53%.

Wall Street Analysts Forecast Growth

NVT has been the subject of a number of research reports. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Monday. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Roth Mkm reissued a “buy” rating and issued a $130.00 target price (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada upped their price target on shares of nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, nVent Electric has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

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.