nVent Electric PLC $NVT Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in nVent Electric PLC (NYSE:NVT) by 103.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,139 shares of the company’s stock after buying an additional 9,734 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in nVent Electric were worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVT. Holocene Advisors LP acquired a new position in nVent Electric in the 3rd quarter worth approximately $151,265,000. Balyasny Asset Management L.P. increased its holdings in nVent Electric by 3,467.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after buying an additional 1,288,924 shares during the period. Merewether Investment Management LP acquired a new position in nVent Electric in the 2nd quarter worth approximately $78,222,000. Swedbank AB acquired a new position in nVent Electric in the 4th quarter worth approximately $59,312,000. Finally, Bank of America Corp DE increased its holdings in nVent Electric by 93.4% in the 2nd quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock worth $73,137,000 after buying an additional 482,083 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In related news, CAO Randolph A. Wacker sold 4,094 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the completion of the transaction, the executive vice president directly owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. This represents a 40.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVT has been the topic of several research reports. Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a report on Monday, February 9th. Glj Research assumed coverage on shares of nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price target on the stock. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Barclays raised their price objective on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, KeyCorp raised their price objective on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $184.20.

nVent Electric Trading Up 2.9%

Shares of NVT stock opened at $169.46 on Wednesday. The stock’s fifty day moving average is $140.25 and its two-hundred day moving average is $120.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market capitalization of $27.41 billion, a P/E ratio of 56.30, a PEG ratio of 1.56 and a beta of 1.32. nVent Electric PLC has a fifty-two week low of $63.60 and a fifty-two week high of $175.00.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data 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 company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric declared that its Board of Directors has approved a share buyback program on Saturday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

nVent Electric Dividend Announcement

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

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.