Franklin Resources Inc. Sells 852,766 Shares of nVent Electric PLC $NVT

Franklin Resources Inc. reduced its position in shares of nVent Electric PLC (NYSE:NVT) by 12.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,040,440 shares of the company’s stock after selling 852,766 shares during the quarter. Franklin Resources Inc.’s holdings in nVent Electric were worth $595,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in nVent Electric by 158.1% during the 3rd quarter. Bank of Montreal Can now owns 123,088 shares of the company’s stock worth $12,141,000 after buying an additional 75,394 shares during the period. Swiss National Bank grew its stake in shares of nVent Electric by 1.5% in the third quarter. Swiss National Bank now owns 319,187 shares of the company’s stock valued at $31,485,000 after acquiring an additional 4,600 shares in the last quarter. Dundas Partners LLP bought a new position in nVent Electric during the third quarter worth about $324,000. Private Advisor Group LLC raised its stake in nVent Electric by 1.5% in the 3rd quarter. Private Advisor Group LLC now owns 8,310 shares of the company’s stock worth $820,000 after purchasing an additional 122 shares in the last quarter. Finally, PFG Advisors boosted its holdings in nVent Electric by 9.0% in the 3rd quarter. PFG Advisors now owns 12,366 shares of the company’s stock valued at $1,220,000 after purchasing an additional 1,016 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVT has been the topic of several recent research reports. Barclays raised their target price on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. UBS Group began coverage on nVent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $128.00 target price for the company. Zacks Research cut nVent Electric from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, KeyCorp boosted their price target on nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.00.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 7,597 shares of nVent Electric stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total value of $884,822.59. Following the transaction, the chief executive officer owned 52,990 shares in the company, valued at $6,171,745.30. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerry W. Burris sold 5,244 shares of the business’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 transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 17,841 shares of company stock worth $2,046,166 over the last 90 days. Insiders own 1.80% of the company’s stock.

nVent Electric Stock Up 1.8%

Shares of NVT opened at $111.05 on Thursday. The firm has a 50 day simple moving average of $112.11 and a two-hundred day simple moving average of $104.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. nVent Electric PLC has a one year low of $41.71 and a one year high of $122.92. The company has a market cap of $17.96 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.13 and a beta of 1.31.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up 41.9% compared to the same quarter last year. 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. Research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is 19.53%.

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.