nVent Electric PLC $NVT Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of nVent Electric PLC (NYSE:NVT) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 174,856 shares of the company’s stock after selling 6,678 shares during the period. US Bancorp DE’s holdings in nVent Electric were worth $17,248,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of nVent Electric in the third quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new position in nVent Electric in the 3rd quarter valued at approximately $31,000. First Horizon Corp purchased a new position in nVent Electric in the 3rd quarter valued at approximately $41,000. Manchester Capital Management LLC grew its stake in shares of nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of nVent Electric during the third quarter worth $43,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Trading Down 2.8%

NYSE:NVT opened at $118.33 on Friday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $122.92. The stock has a market cap of $19.14 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. The stock has a 50-day simple moving average of $110.84 and a 200-day simple moving average of $103.72.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The firm’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVT. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wolfe Research raised nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Finally, KeyCorp upped their target price on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.25.

Insider Buying and Selling

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

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.