Kestra Private Wealth Services LLC Acquires 8,161 Shares of nVent Electric PLC $NVT

Kestra Private Wealth Services LLC increased its holdings in nVent Electric PLC (NYSE:NVT) by 138.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,040 shares of the company’s stock after buying an additional 8,161 shares during the period. Kestra Private Wealth Services LLC’s holdings in nVent Electric were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its stake in nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after acquiring an additional 217,485 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after acquiring an additional 2,019,483 shares during the period. Norges Bank acquired a new stake in shares of nVent Electric during the 4th quarter worth $245,955,000. Bank of New York Mellon Corp grew its holdings in shares of nVent Electric by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,949,761 shares of the company’s stock worth $198,817,000 after purchasing an additional 234,755 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its position in shares of nVent Electric by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock worth $180,551,000 after purchasing an additional 43,502 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVT shares. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. UBS Group reissued a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Royal Bank Of Canada raised their target price on shares of nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $187.00 price target on shares of nVent Electric in a report on Monday, May 4th. Finally, Sanford C. Bernstein set a $218.00 price target on shares of nVent Electric and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $189.50.

Insider Buying and Selling

In related news, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric 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 sale, the executive vice president directly owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. The trade was a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the transaction, the insider owned 97,068 shares of the company’s stock, valued at approximately $16,743,259.32. This represents a 23.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,685 shares of company stock worth $14,961,768 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $162.99 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. nVent Electric PLC has a 52 week low of $68.90 and a 52 week high of $184.64. The stock has a market capitalization of $26.36 billion, a P/E ratio of 54.15, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The stock has a fifty day moving average of $162.57 and a 200-day moving average of $130.53.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $0.67 earnings per share. nVent Electric’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. On average, sell-side analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid 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 dividend payout ratio (DPR) is presently 27.91%.

nVent Electric announced that its board has authorized a stock buyback plan on Saturday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

About nVent Electric

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.