Marks Group Wealth Management Inc Reduces Stock Position in nVent Electric PLC $NVT

Marks Group Wealth Management Inc lessened its stake in shares of nVent Electric PLC (NYSE:NVT) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,918 shares of the company’s stock after selling 19,361 shares during the quarter. nVent Electric makes up approximately 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 16th largest holding. Marks Group Wealth Management Inc’s holdings in nVent Electric were worth $10,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVT. AQR Capital Management LLC increased its position in nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after purchasing an additional 23,606 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after buying an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after buying an additional 872 shares during the last quarter. Marshall Wace LLP boosted its stake in nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock worth $3,008,000 after buying an additional 9,898 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in nVent Electric by 57.7% in the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock worth $596,000 after buying an additional 2,977 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

nVent Electric stock opened at $163.52 on Tuesday. The stock’s 50-day moving average is $149.06 and its 200-day moving average is $123.86. The company has a market cap of $26.44 billion, a price-to-earnings ratio of 54.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. nVent Electric PLC has a 12 month low of $67.21 and a 12 month high of $178.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. 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 analysts anticipate that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its board has initiated a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio is 27.91%.

Insider Activity

In related news, EVP Aravind Padmanabhan sold 15,942 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the sale, the executive vice president owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. This represents a 40.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 87,685 shares of company stock worth $14,961,768. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVT. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wolfe Research raised nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Glj Research began coverage on nVent Electric in a research note on Thursday, March 5th. They issued a “buy” rating and a $151.00 price target on the stock. Finally, Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, nVent Electric has an average rating of “Buy” and a consensus 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.