Gotham Asset Management LLC Grows Stock Holdings in nVent Electric PLC $NVT

Gotham Asset Management LLC boosted its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 510,813 shares of the company’s stock after buying an additional 20,000 shares during the quarter. nVent Electric accounts for approximately 0.2% of Gotham Asset Management LLC’s portfolio, making the stock its 29th largest holding. Gotham Asset Management LLC owned 0.32% of nVent Electric worth $50,387,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new stake in shares of nVent Electric during the 3rd quarter worth approximately $30,000. Root Financial Partners LLC acquired a new position in nVent Electric during the third quarter worth $31,000. First Horizon Corp acquired a new position in nVent Electric during the third quarter worth $41,000. Manchester Capital Management LLC boosted its position in nVent Electric by 222.2% during the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in nVent Electric in the third quarter valued at $43,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $116.47, for a total transaction of $884,822.59. Following the sale, the chief executive officer owned 52,990 shares in the company, valued at approximately $6,171,745.30. This trade represents a 12.54% 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 Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction 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. Over the last 90 days, insiders have sold 17,841 shares of company stock worth $2,046,166. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVT has been the subject of several research reports. Barclays lifted their price target on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. UBS Group restated a “buy” rating and set a $135.00 target price on shares of nVent Electric in a research report on Friday. Weiss Ratings raised shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.78.

nVent Electric Trading Up 1.8%

nVent Electric stock opened at $109.86 on Monday. The stock has a 50-day moving average price of $112.29 and a 200 day moving average price of $105.33. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $122.92. The stock has a market cap of $17.77 billion, a PE ratio of 25.55, a P/E/G ratio of 1.14 and a beta of 1.31. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’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. Equities research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal 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 paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. nVent Electric’s dividend payout ratio is presently 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.