Corient Private Wealth LLC Sells 5,769 Shares of nVent Electric PLC $NVT

Corient Private Wealth LLC lowered its stake in nVent Electric PLC (NYSE:NVT) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,164 shares of the company’s stock after selling 5,769 shares during the period. Corient Private Wealth LLC’s holdings in nVent Electric were worth $2,887,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NVT. Norges Bank bought a new stake in shares of nVent Electric during the fourth quarter worth approximately $245,955,000. Price T Rowe Associates Inc. MD lifted its holdings in nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after purchasing an additional 2,019,483 shares during the last quarter. Holocene Advisors LP acquired a new stake in nVent Electric during the 3rd quarter worth approximately $151,265,000. Balyasny Asset Management L.P. boosted its stake 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 valued at $130,807,000 after purchasing an additional 1,288,924 shares during the period. Finally, Merewether Investment Management LP bought a new stake in nVent Electric in the 2nd quarter valued at $78,222,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In other news, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric stock in a transaction on Monday, May 11th. The stock was sold at an average price of $174.00, for a total value of $2,773,908.00. Following the transaction, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. This trade represents a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total value of $5,073,275.88. Following the transaction, the insider directly owned 97,068 shares of the company’s stock, valued at $16,743,259.32. This trade represents a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by insiders.

nVent Electric Stock Down 5.0%

NVT stock opened at $163.26 on Friday. The company has a market cap of $26.40 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The business has a 50-day simple moving average of $161.90 and a 200 day simple moving average of $129.98. nVent Electric PLC has a 52 week low of $68.90 and a 52 week high of $184.64. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. 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. Sell-side analysts anticipate that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

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

nVent Electric Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric’s dividend payout ratio is presently 27.91%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Roth Mkm reiterated a “buy” rating and set a $185.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Sanford C. Bernstein set a $218.00 price target on shares of nVent Electric and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group reissued a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $189.50.

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.