Capital Research Global Investors Reduces Position in nVent Electric PLC $NVT

Capital Research Global Investors lowered its holdings in shares of nVent Electric PLC (NYSE:NVT) by 6.7% in the third quarter, Holdings Channel.com reports. The fund owned 3,847,016 shares of the company’s stock after selling 276,944 shares during the quarter. Capital Research Global Investors’ holdings in nVent Electric were worth $379,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Trust Asset Management LLC purchased a new stake in shares of nVent Electric during the third quarter valued at $30,000. Root Financial Partners LLC purchased a new position in nVent Electric in the 3rd quarter worth about $31,000. First Horizon Corp bought a new stake in nVent Electric during the 3rd quarter valued at about $41,000. Manchester Capital Management LLC lifted its holdings in nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in nVent Electric in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Glj Research assumed coverage on shares of nVent Electric in a research report on Thursday, March 5th. They set a “buy” rating and a $151.00 target price on the stock. Wolfe Research raised nVent Electric to an “outperform” rating in a research note on Monday, February 9th. UBS Group started coverage on nVent Electric in a report on Thursday, November 20th. They set a “buy” rating and a $128.00 price objective on the stock. KeyCorp lifted their target price on nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.00.

nVent Electric Stock Up 0.9%

NVT stock opened at $109.09 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. nVent Electric PLC has a one year low of $41.71 and a one year high of $122.92. The firm’s fifty day moving average is $111.93 and its 200 day moving average is $104.93. The firm has a market cap of $17.64 billion, a PE ratio of 25.37, a P/E/G ratio of 1.12 and a beta of 1.31.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. nVent Electric’s dividend payout ratio is 19.53%.

Insider Activity

In other news, CEO Beth Wozniak sold 7,597 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total value of $884,822.59. Following the completion of the sale, the chief executive officer directly owned 52,990 shares of the company’s stock, valued at approximately $6,171,745.30. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total transaction of $572,600.00. Following the transaction, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,841 shares of company stock worth $2,046,166. Corporate insiders own 2.50% 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.