nVent Electric PLC $NVT Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of nVent Electric PLC (NYSE:NVT) by 2.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 429,286 shares of the company’s stock after selling 9,260 shares during the quarter. Rhumbline Advisers’ holdings in nVent Electric were worth $42,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Global Trust Asset Management LLC bought a new stake in shares of nVent Electric during the third quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in shares of nVent Electric during the 3rd quarter worth about $31,000. First Horizon Corp acquired a new stake in shares of nVent Electric in the 3rd quarter worth approximately $41,000. Manchester Capital Management LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 300 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of nVent Electric during the third quarter valued at approximately $43,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVT shares. The Goldman Sachs Group upped their target price on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Roth Mkm restated a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Zacks Research cut nVent Electric from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Barclays boosted their price target on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Wolfe Research raised shares of nVent Electric to an “outperform” rating in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, nVent Electric has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

Insider Activity

In other news, Director Greg Scheu sold 5,591 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the completion of the sale, the director owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This trade represents a 28.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan M. Cameron sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total value of $572,600.00. Following the transaction, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,569 shares of company stock worth $3,084,372 in the last quarter. Insiders own 1.80% of the company’s stock.

nVent Electric Trading Up 1.1%

Shares of NYSE NVT opened at $113.13 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. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $120.85. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.18 and a beta of 1.33. The business has a fifty day simple moving average of $108.07 and a 200-day simple moving average of $101.64.

nVent Electric (NYSE:NVT) last issued 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business posted $0.59 EPS. nVent Electric’s 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. Sell-side analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a $0.21 dividend. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is currently 19.53%.

About nVent Electric

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.