Public Employees Retirement System of Ohio Takes Position in nVent Electric PLC $NVT

Public Employees Retirement System of Ohio purchased a new stake in nVent Electric PLC (NYSE:NVT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 80,773 shares of the company’s stock, valued at approximately $13,700,000.

A number of other hedge funds also recently bought and sold shares of the business. Elevation Wealth Partners LLC grew its holdings in nVent Electric by 554.5% in the second quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock valued at $37,000 after purchasing an additional 183 shares during the period. Financial Consulate Inc. lifted its position in shares of nVent Electric by 1,431.2% during the 2nd quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock valued at $42,000 after buying an additional 229 shares in the last quarter. Manchester Capital Management LLC lifted its position 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 valued at $31,000 after buying an additional 173 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in nVent Electric in the 4th quarter valued at $32,000. Finally, Elyxium Wealth LLC acquired a new stake in nVent Electric in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Up 0.4%

NYSE NVT opened at $149.00 on Monday. The business has a fifty day moving average price of $159.15 and a 200 day moving average price of $146.02. nVent Electric PLC has a one year low of $87.16 and a one year high of $184.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. The company has a market cap of $24.12 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.25 and a beta of 1.37.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Research analysts anticipate that nVent Electric PLC will post 5.13 EPS for the current fiscal 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 purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on NVT shares. Royal Bank Of Canada boosted their price target on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Roth Capital reaffirmed a “buy” rating and set a $210.00 price objective (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. KeyCorp lifted their target price on shares of nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wolfe Research reissued an “outperform” rating and set a $191.00 target price on shares of nVent Electric in a research note on Thursday, July 9th. Finally, Barclays upped their price target on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $199.86.

Insider Transactions at nVent Electric

In other news, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $164.32, for a total value of $962,586.56. Following the transaction, the insider directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This trade represents a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 22,525 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares in the company, valued at $4,517,337.42. The trade was a 45.08% 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 have sold 74,644 shares of company stock valued at $12,276,886. Corporate insiders own 1.70% of the company’s stock.

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.