Randolph Wacker Sells 4,094 Shares of nVent Electric (NYSE:NVT) Stock

nVent Electric PLC (NYSE:NVTGet Free Report) CAO Randolph Wacker sold 4,094 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the transaction, the chief accounting officer owned 49,873 shares in the company, valued at $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

nVent Electric Stock Performance

Shares of nVent Electric stock traded up $6.83 during trading on Tuesday, hitting $169.52. 2,795,444 shares of the stock were exchanged, compared to its average volume of 2,335,269. The stock has a market capitalization of $27.41 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The company has a fifty day moving average price of $124.07 and a 200-day moving average price of $113.35. nVent Electric PLC has a 1-year low of $59.57 and a 1-year high of $171.09. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVTGet Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.15. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. nVent Electric’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. 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. As a group, equities analysts predict that nVent Electric PLC will post 4.15 EPS 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. Stockholders of record on Friday, April 24th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s payout ratio is currently 27.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of nVent Electric by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock worth $238,758,000 after purchasing an additional 68,818 shares in the last quarter. NFSG Corp grew its position in shares of nVent Electric by 241.5% during the 1st quarter. NFSG Corp now owns 403 shares of the company’s stock worth $48,000 after purchasing an additional 285 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of nVent Electric during the 1st quarter worth approximately $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of nVent Electric during the 1st quarter worth approximately $233,000. Finally, Archer Investment Corp acquired a new position in shares of nVent Electric during the 1st quarter worth approximately $199,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. KeyCorp upped their price target on shares of nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday. Roth Mkm reiterated a “buy” rating and issued a $185.00 price target on shares of nVent Electric in a research note on Monday. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Finally, Citigroup upped their price objective on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.20.

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About nVent Electric

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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.

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