Diversify Wealth Management LLC Purchases 10,135 Shares of nVent Electric PLC $NVT

Diversify Wealth Management LLC raised its holdings in nVent Electric PLC (NYSE:NVT) by 52.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,365 shares of the company’s stock after purchasing an additional 10,135 shares during the quarter. Diversify Wealth Management LLC’s holdings in nVent Electric were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC grew its stake in shares of nVent Electric by 128.1% during the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of nVent Electric during the fourth quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in shares of nVent Electric in the third quarter worth about $35,000. Elyxium Wealth LLC purchased a new position in nVent Electric during the fourth quarter valued at approximately $36,000. Finally, Headlands Technologies LLC grew its stake in nVent Electric by 522.9% during the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NVT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a report on Monday, May 4th. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. UBS Group reiterated a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Barclays increased their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Citigroup increased their target price on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, nVent Electric presently has an average rating of “Buy” and an average price target of $189.77.

Insider Transactions at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 29,412 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 97,068 shares in the company, valued at approximately $16,743,259.32. This represents a 23.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the transaction, the chief accounting officer owned 49,873 shares in the company, valued at $8,257,472.61. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 87,685 shares of company stock valued at $14,961,768. Insiders own 1.70% of the company’s stock.

nVent Electric Stock Up 0.2%

Shares of NYSE:NVT opened at $160.98 on Monday. The stock’s 50-day moving average is $165.93 and its 200 day moving average is $134.03. nVent Electric PLC has a 1 year low of $72.94 and a 1 year high of $184.64. The company has a market cap of $26.03 billion, a PE ratio of 53.48, a P/E/G ratio of 1.52 and a beta of 1.36. 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 issued its quarterly earnings data on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. nVent Electric’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. 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. Sell-side analysts anticipate that nVent Electric PLC will post 4.56 EPS for the current year.

nVent Electric Announces Dividend

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

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

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.