60,000 Shares in nVent Electric PLC $NVT Bought by Tredje AP fonden

Tredje AP fonden purchased a new position in shares of nVent Electric PLC (NYSE:NVT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $6,118,000.

A number of other institutional investors have also made changes to their positions in the business. TABR Capital Management LLC bought a new position in shares of nVent Electric in the fourth quarter valued at about $3,284,000. Kestra Private Wealth Services LLC bought a new stake in shares of nVent Electric during the 4th quarter worth about $599,000. Holocene Advisors LP bought a new stake in shares of nVent Electric during the 3rd quarter worth about $151,265,000. Kingsview Wealth Management LLC grew its stake in nVent Electric by 499.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 45,468 shares of the company’s stock valued at $4,485,000 after buying an additional 37,886 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in nVent Electric by 357.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,956 shares of the company’s stock valued at $1,377,000 after acquiring an additional 10,903 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In other news, CMO Martha Claire Bennett sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $38,250. This represents a 94.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president owned 37,089 shares in the company, valued at $6,215,745.51. This represents a 42.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $158.11 on Wednesday. The firm has a market cap of $25.57 billion, a PE ratio of 52.53, a price-to-earnings-growth ratio of 1.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The stock’s fifty day moving average price is $134.70 and its two-hundred day moving average price is $118.10. nVent Electric PLC has a one year low of $63.15 and a one year high of $175.00.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company’s revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the company posted $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, research analysts expect that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric announced that its Board of Directors has authorized a share buyback plan on Saturday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio is presently 27.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NVT shares. Roth Mkm restated a “buy” rating and set a $185.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. UBS Group increased their target price on nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 price target on shares of nVent Electric in a report on Monday, May 4th. Evercore restated an “outperform” rating and issued a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their price objective on nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $184.20.

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.