Dorsey & Whitney Trust CO LLC Sells 3,884 Shares of nVent Electric PLC $NVT

Dorsey & Whitney Trust CO LLC lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,605 shares of the company’s stock after selling 3,884 shares during the quarter. Dorsey & Whitney Trust CO LLC owned approximately 0.05% of nVent Electric worth $8,627,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Signet Private Wealth LLC bought a new position in nVent Electric during the fourth quarter valued at about $214,000. Deutsche Bank AG grew its position in nVent Electric by 55.5% during the fourth quarter. Deutsche Bank AG now owns 1,430,142 shares of the company’s stock valued at $145,832,000 after buying an additional 510,296 shares during the period. Fox Run Management L.L.C. bought a new position in nVent Electric during the fourth quarter valued at about $1,198,000. Cerity Partners LLC grew its position in nVent Electric by 25.3% during the fourth quarter. Cerity Partners LLC now owns 36,348 shares of the company’s stock valued at $3,707,000 after buying an additional 7,341 shares during the period. Finally, LPL Financial LLC boosted its position in nVent Electric by 34.8% during the fourth quarter. LPL Financial LLC now owns 217,429 shares of the company’s stock worth $22,171,000 after purchasing an additional 56,097 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

NVT has been the subject of a number of research reports. Roth Mkm reiterated a “buy” rating and set a $185.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Glj Research initiated 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 for the company. Evercore reiterated an “outperform” rating and set a $190.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $187.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Finally, KeyCorp increased their target price on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $187.27.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $156.68 on Thursday. The company has a 50-day moving average price of $150.87 and a two-hundred day moving average price of $124.65. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. nVent Electric PLC has a twelve month low of $67.40 and a twelve month high of $178.00. The firm has a market capitalization of $25.34 billion, a PE ratio of 52.05, a P/E/G ratio of 1.55 and a beta of 1.35.

nVent Electric (NYSE:NVT) last released 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 analyst estimates of $1.11 billion. During the same period last year, the business earned $0.67 earnings per share. nVent Electric’s 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. Equities analysts forecast that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric Dividend Announcement

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

nVent Electric announced that its Board of Directors has authorized a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Aravind Padmanabhan sold 15,942 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the completion of the transaction, the executive vice president directly owned 23,243 shares in the company, valued at approximately $4,044,282. This trade represents a 40.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the completion of the transaction, the executive vice president owned 37,089 shares of the company’s stock, valued at $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 87,685 shares of company stock valued at $14,961,768 in the last three months. Insiders own 1.70% of the company’s stock.

nVent Electric 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.