Handelsbanken Fonder AB Reduces Holdings in nVent Electric PLC $NVT

Handelsbanken Fonder AB lessened its position in shares of nVent Electric PLC (NYSE:NVT) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 535,784 shares of the company’s stock after selling 21,160 shares during the quarter. Handelsbanken Fonder AB’s holdings in nVent Electric were worth $54,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NVT. Holocene Advisors LP purchased a new position in shares of nVent Electric during the 3rd quarter valued at $151,265,000. Balyasny Asset Management L.P. lifted its position in shares of nVent Electric by 3,467.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after buying an additional 1,288,924 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of nVent Electric during the 2nd quarter valued at $78,222,000. Swedbank AB purchased a new position in shares of nVent Electric during the 4th quarter valued at $59,312,000. Finally, Bank of America Corp DE lifted its position in shares of nVent Electric by 93.4% during the 2nd quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock valued at $73,137,000 after buying an additional 482,083 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 29,412 shares of the firm’s 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 sale, the insider owned 97,068 shares in the company, valued at $16,743,259.32. This trade represents a 23.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the sale, the executive vice president owned 23,243 shares in the company, valued at $4,044,282. The trade was a 40.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by company insiders.

nVent Electric Price Performance

NYSE:NVT opened at $160.75 on Tuesday. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 1.60 and a beta of 1.32. nVent Electric PLC has a 52-week low of $63.15 and a 52-week high of $175.00. The stock has a fifty day moving average of $133.66 and a 200 day moving average of $117.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data 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. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. 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. On average, research analysts expect that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric announced that its board has authorized a share buyback plan on Saturday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVT. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays raised their price target on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group raised their price target on nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, nVent Electric has a consensus rating of “Buy” and an average target price of $184.20.

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.