nVent Electric PLC $NVT Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in nVent Electric PLC (NYSE:NVT) by 14.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 95,398 shares of the company’s stock after selling 16,327 shares during the period. Hantz Financial Services Inc.’s holdings in nVent Electric were worth $9,728,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NVT. Holocene Advisors LP acquired a new position in shares of nVent Electric in the 3rd quarter valued at about $151,265,000. Balyasny Asset Management L.P. boosted its holdings in shares of nVent Electric by 3,467.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after buying an additional 1,288,924 shares during the period. Merewether Investment Management LP acquired a new position in shares of nVent Electric in the 2nd quarter valued at about $78,222,000. Swedbank AB acquired a new position in shares of nVent Electric in the 4th quarter valued at about $59,312,000. Finally, Bank of America Corp DE boosted its holdings in shares of nVent Electric by 93.4% in the 2nd quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock valued at $73,137,000 after buying an additional 482,083 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Trading Down 0.1%

Shares of NYSE:NVT opened at $164.51 on Monday. The company has a 50 day moving average of $137.93 and a 200-day moving average of $119.22. The firm has a market cap of $26.61 billion, a P/E ratio of 54.66, a P/E/G ratio of 1.56 and a beta of 1.32. nVent Electric PLC has a twelve month low of $63.16 and a twelve month high of $175.00. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric announced that its board has approved a share repurchase program on Saturday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

nVent Electric Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Lynnette R. Heath sold 27,471 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares in the company, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer owned 225 shares in the company, valued at $38,250. The trade was a 94.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 87,685 shares of company stock worth $14,961,768. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NVT. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup boosted their target price on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Roth Mkm reissued a “buy” rating and set a $185.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Finally, Evercore reissued an “outperform” rating and set a $190.00 target price on shares of nVent Electric in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, nVent Electric presently has a consensus rating of “Buy” and an average target price of $184.20.

nVent Electric Company 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.