Lido Advisors LLC Decreases Stock Holdings in nVent Electric PLC $NVT

Lido Advisors LLC cut its stake in nVent Electric PLC (NYSE:NVT) by 10.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 167,379 shares of the company’s stock after selling 20,192 shares during the quarter. Lido Advisors LLC’s holdings in nVent Electric were worth $19,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of nVent Electric by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after buying an additional 217,485 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 buying an additional 2,019,483 shares during the last quarter. Norges Bank purchased a new stake in shares of nVent Electric in the 4th quarter worth about $245,955,000. Bank of New York Mellon Corp boosted its position in shares of nVent Electric by 3.5% in 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 buying an additional 68,818 shares in the last quarter. Finally, Merewether Investment Management LP lifted its stake in nVent Electric by 59.2% in the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after buying an additional 631,800 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Trading Up 0.1%

NYSE NVT opened at $158.64 on Friday. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company’s fifty day moving average price is $164.07 and its two-hundred day moving average price is $137.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. nVent Electric PLC has a 12 month low of $76.23 and a 12 month high of $184.64.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue was up 53.5% compared to the same quarter last year. 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 predict that nVent Electric PLC will post 4.56 earnings per share for the current fiscal year.

nVent Electric declared that its Board of Directors has authorized a stock repurchase program on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio is presently 27.91%.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 37,089 shares of the company’s stock, valued at $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the sale, the insider directly owned 97,068 shares in the company, valued at approximately $16,743,259.32. This trade represents a 23.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NVT. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $187.00 target price on shares of nVent Electric in a report on Monday, May 4th. Sanford C. Bernstein set a $220.00 price objective on shares of nVent Electric in a research report on Thursday, July 9th. Citigroup upped their price objective on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Barclays lifted their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $190.57.

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.