nVent Electric (NYSE:NVT) Director Jerry Burris Sells 5,244 Shares

nVent Electric PLC (NYSE:NVT) Director Jerry Burris sold 5,244 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction of $588,743.88. Following the sale, the director owned 46,371 shares of the company’s stock, valued at $5,206,072.17. This represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

nVent Electric Stock Up 1.8%

Shares of NYSE NVT traded up $2.04 during mid-day trading on Monday, reaching $114.68. The company had a trading volume of 3,499,897 shares, compared to its average volume of 2,247,015. The firm has a 50 day simple moving average of $107.43 and a two-hundred day simple moving average of $100.60. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $120.85. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. The stock has a market cap of $18.50 billion, a P/E ratio of 26.67, a PEG ratio of 1.19 and a beta of 1.33.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The business’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Sell-side analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio is currently 19.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup upped their target price on shares of nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a report on Monday. KeyCorp increased their target price on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research report on Monday. Finally, Barclays increased their price objective on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $126.25.

Institutional Investors Weigh In On nVent Electric

A number of institutional investors have recently added to or reduced their stakes in NVT. Global Trust Asset Management LLC acquired a new position in shares of nVent Electric in the third quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric in the 3rd quarter valued at about $31,000. True Wealth Design LLC increased its stake in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Manchester Capital Management LLC increased its position in nVent Electric by 222.2% during the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in nVent Electric during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 90.05% 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.