First Trust Advisors LP Increases Position in nVent Electric PLC $NVT

First Trust Advisors LP lifted its position in nVent Electric PLC (NYSE:NVT) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 925,428 shares of the company’s stock after acquiring an additional 66,097 shares during the period. First Trust Advisors LP’s holdings in nVent Electric were worth $91,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in nVent Electric during the 2nd quarter worth about $234,290,000. Massachusetts Financial Services Co. MA increased its holdings in shares of nVent Electric by 146.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after purchasing an additional 1,896,749 shares during the period. Merewether Investment Management LP purchased a new position in shares of nVent Electric in the second quarter worth about $78,222,000. Valeo Financial Advisors LLC purchased a new position in shares of nVent Electric in the second quarter worth about $48,443,000. Finally, Bank of America Corp DE lifted its holdings in shares of nVent Electric by 93.4% during the second quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock worth $73,137,000 after purchasing an additional 482,083 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In related news, Director Jerry W. Burris sold 5,244 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the sale, the director owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. The trade was a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Beth Wozniak sold 7,597 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the transaction, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,841 shares of company stock valued at $2,046,166. 2.50% of the stock is owned by company insiders.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $108.20 on Tuesday. The firm has a market cap of $17.50 billion, a PE ratio of 25.16, a P/E/G ratio of 1.10 and a beta of 1.31. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $122.92. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $111.81 and a 200 day moving average price of $104.79.

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

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is currently 19.53%.

Analysts Set New Price Targets

A number of brokerages recently commented on NVT. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Wall Street Zen downgraded shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. KeyCorp increased their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Glj Research initiated coverage on shares of nVent Electric in a research note on Thursday. They issued a “buy” rating and a $151.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, nVent Electric currently has an average rating of “Moderate Buy” and an average target price of $129.00.

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.