nVent Electric PLC $NVT Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of nVent Electric PLC (NYSE:NVT) by 74.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 83,716 shares of the company’s stock after selling 241,521 shares during the quarter. Janus Henderson Group PLC’s holdings in nVent Electric were worth $9,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of nVent Electric in the 4th quarter valued at about $245,955,000. Price T Rowe Associates Inc. MD grew its stake in nVent Electric by 361.9% in the fourth 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 in the last quarter. Balyasny Asset Management L.P. grew its stake in nVent Electric by 3,467.1% in the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after purchasing an additional 1,288,924 shares in the last quarter. Merewether Investment Management LP bought a new stake in nVent Electric in the second quarter valued at about $78,222,000. Finally, Amundi increased its holdings in nVent Electric by 146.8% in the first quarter. Amundi now owns 1,092,802 shares of the company’s stock valued at $129,257,000 after buying an additional 649,992 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In related news, insider Sara E. Zawoyski sold 29,412 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total value of $5,073,275.88. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the transaction, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. The trade was a 94.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 49,132 shares of company stock worth $8,489,444. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of research analyst reports. KeyCorp increased their target price on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Melius Research started coverage on nVent Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price target for the company. Seaport Research Partners reissued a “buy” rating and set a $215.00 price target on shares of nVent Electric in a research report on Monday. Roth Capital restated a “buy” rating and set a $195.00 price objective on shares of nVent Electric in a research note on Monday. Finally, Citigroup lifted their price objective on shares of nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $198.79.

nVent Electric Stock Performance

Shares of NVT stock opened at $162.28 on Wednesday. The company has a market cap of $26.27 billion, a P/E ratio of 44.34, a PEG ratio of 1.36 and a beta of 1.37. The business has a 50 day moving average of $161.78 and a two-hundred day moving average of $139.91. nVent Electric PLC has a 52 week low of $85.72 and a 52 week high of $184.64. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, analysts anticipate that nVent Electric PLC will post 5.05 EPS for the current year.

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

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is currently 22.95%.

nVent Electric 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.