M&T Bank Corp Decreases Stock Position in nVent Electric PLC $NVT

M&T Bank Corp trimmed its position in shares of nVent Electric PLC (NYSE:NVT) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,913 shares of the company’s stock after selling 20,574 shares during the period. M&T Bank Corp’s holdings in nVent Electric were worth $47,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVT. Squarepoint Ops LLC purchased a new position in nVent Electric in the 3rd quarter valued at about $2,600,000. NorthRock Partners LLC boosted its holdings in nVent Electric by 1.9% in the third quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after purchasing an additional 104 shares during the last quarter. Pinnbrook Capital Management LP acquired a new stake in nVent Electric during the 3rd quarter valued at approximately $10,134,000. Chesapeake Capital Corp IL purchased a new stake in nVent Electric during the 3rd quarter worth approximately $900,000. Finally, EHP Funds Inc. acquired a new position in shares of nVent Electric in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 5,244 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $112.27, for a total transaction of $588,743.88. Following the completion of the transaction, the director directly owned 46,371 shares of the company’s stock, valued at $5,206,072.17. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Beth Wozniak sold 7,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the sale, the chief executive officer owned 52,990 shares in the company, valued at $6,171,745.30. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,841 shares of company stock worth $2,046,166 in the last ninety days. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research lowered shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings raised shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Glj Research initiated coverage on nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price objective for the company. Finally, Wall Street Zen downgraded nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, nVent Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.78.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $109.86 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $112.29 and its two-hundred day moving average price is $105.13. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $122.92. The stock has a market capitalization of $17.77 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.12 and a beta of 1.31.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 41.9% on a year-over-year basis. 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. As a group, sell-side analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric’s dividend payout ratio (DPR) is 19.53%.

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.