Primecap Management Co. CA Sells 26,150 Shares of nVent Electric PLC $NVT

Primecap Management Co. CA cut its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573,850 shares of the company’s stock after selling 26,150 shares during the period. Primecap Management Co. CA owned approximately 0.36% of nVent Electric worth $56,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after buying an additional 23,606 shares during the period. Jones Financial Companies Lllp boosted its stake in nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in nVent Electric by 436.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after purchasing an additional 872 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in nVent Electric in the second quarter valued at approximately $352,000. Finally, Nisa Investment Advisors LLC increased its position in shares of nVent Electric by 9.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,782 shares of the company’s stock valued at $1,669,000 after buying an additional 1,990 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan M. Cameron sold 5,000 shares of nVent Electric stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total value of $572,600.00. Following the sale, the director owned 13,405 shares of the company’s stock, valued at approximately $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry W. Burris sold 5,244 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $112.27, for a total value of $588,743.88. Following the sale, the director owned 46,371 shares in the company, valued at $5,206,072.17. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,841 shares of company stock valued at $2,046,166 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wolfe Research upgraded nVent Electric to an “outperform” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. The Goldman Sachs Group raised their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Barclays lifted their price target on shares of nVent Electric from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.25.

nVent Electric Stock Down 0.0%

Shares of nVent Electric stock opened at $121.76 on Friday. The firm has a market cap of $19.69 billion, a PE ratio of 28.32, a P/E/G ratio of 1.27 and a beta of 1.33. The business’s 50 day simple moving average is $110.51 and its 200 day simple moving average is $103.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $122.92.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. The business’s revenue was up 41.9% on a year-over-year basis. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s payout ratio is 19.53%.

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.