Insider Selling: nVent Electric (NYSE:NVT) Insider Sells $5,073,275.88 in Stock

nVent Electric PLC (NYSE:NVT) insider Sara 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 completion of the transaction, the insider owned 97,068 shares in the company, valued at approximately $16,743,259.32. This trade represents a 23.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

nVent Electric Price Performance

NYSE:NVT opened at $169.10 on Friday. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $132.66 and its two-hundred day moving average is $117.24. nVent Electric PLC has a 12-month low of $63.15 and a 12-month high of $175.00.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly 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. Research analysts expect that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric declared that its board has approved a share buyback plan on Saturday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio is currently 27.91%.

Institutional Trading of nVent Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TABR Capital Management LLC acquired a new stake in nVent Electric in the fourth quarter valued at approximately $3,284,000. Kestra Private Wealth Services LLC acquired a new stake in nVent Electric in the fourth quarter valued at approximately $599,000. Nordea Investment Management AB grew its position in nVent Electric by 10.0% in the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock valued at $12,671,000 after acquiring an additional 11,804 shares in the last quarter. Holocene Advisors LP acquired a new stake in nVent Electric in the third quarter valued at approximately $151,265,000. Finally, Kingsview Wealth Management LLC grew its position in nVent Electric by 499.7% in the third quarter. Kingsview Wealth Management LLC now owns 45,468 shares of the company’s stock valued at $4,485,000 after acquiring an additional 37,886 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVT shares. UBS Group upped their price objective on shares of nVent Electric from $164.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group upped their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $190.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $184.20.

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.