9,463 Shares in nVent Electric PLC $NVT Acquired by Algebris UK Ltd.

Algebris UK Ltd. acquired a new position in nVent Electric PLC (NYSE:NVT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,463 shares of the company’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in nVent Electric in the third quarter worth approximately $31,000. Cullen Frost Bankers Inc. bought a new position in nVent Electric in the fourth quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in nVent Electric during the 4th quarter worth about $36,000. Advisory Services Network LLC bought a new position in nVent Electric during the 3rd quarter worth about $35,000. Finally, Torren Management LLC bought a new position in nVent Electric during the 4th quarter worth about $40,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Up 2.2%

nVent Electric stock opened at $161.77 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 1.50 and a beta of 1.32. nVent Electric PLC has a 1-year low of $63.15 and a 1-year high of $175.00. The business has a fifty day moving average price of $135.78 and a 200-day moving average price of $118.51.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts forecast that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

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

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is presently 27.91%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 29,412 shares of nVent Electric stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider directly owned 97,068 shares in the company, valued at approximately $16,743,259.32. The trade was a 23.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the sale, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NVT. Roth Mkm reiterated a “buy” rating and set a $185.00 target price on shares of nVent Electric in a report on Monday, May 4th. The Goldman Sachs Group increased their target price on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Citigroup increased their target price on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $184.20.

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.