Cinctive Capital Management LP Has $6.65 Million Stake in nVent Electric PLC $NVT

Cinctive Capital Management LP raised its stake in shares of nVent Electric PLC (NYSE:NVT) by 109.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,366 shares of the company’s stock after purchasing an additional 35,141 shares during the period. Cinctive Capital Management LP’s holdings in nVent Electric were worth $6,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVT. Continuum Advisory LLC bought a new stake in nVent Electric in the third quarter valued at approximately $1,630,000. Nordea Investment Management AB raised its holdings in nVent Electric by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock worth $12,671,000 after purchasing an additional 11,804 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of nVent Electric by 51.0% in the 3rd quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock worth $3,012,000 after purchasing an additional 10,307 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of nVent Electric by 173.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after purchasing an additional 33,549 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of nVent Electric by 12.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock worth $13,880,000 after purchasing an additional 20,917 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 report on Monday, February 9th. Barclays boosted their target price on shares of nVent Electric from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Weiss Ratings raised shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $135.00 price target on shares of nVent Electric in a report on Friday. Finally, Citigroup lifted their price objective on nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, nVent Electric presently has an average rating of “Moderate Buy” and a consensus price target of $129.78.

Insider Transactions at nVent Electric

In other news, Director Susan M. Cameron sold 5,000 shares of the firm’s 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 completion of the sale, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. This trade represents a 27.17% decrease in their position. The sale was disclosed in a 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 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 directly owned 46,371 shares of the company’s stock, valued at $5,206,072.17. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,841 shares of company stock valued at $2,046,166 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

nVent Electric Stock Performance

NYSE:NVT opened at $109.86 on Friday. The company has a fifty day moving average of $112.29 and a 200-day moving average of $105.23. The firm has a market capitalization of $17.77 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.14 and a beta of 1.31. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $122.92.

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

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric’s dividend payout ratio 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.