Balyasny Asset Management L.P. Has $143.95 Million Stock Holdings in nVent Electric PLC $NVT

Balyasny Asset Management L.P. grew its position in nVent Electric PLC (NYSE:NVT) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,411,699 shares of the company’s stock after purchasing an additional 85,599 shares during the period. Balyasny Asset Management L.P.’s holdings in nVent Electric were worth $143,951,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TABR Capital Management LLC bought a new stake in shares of nVent Electric during the fourth quarter worth $3,284,000. Kestra Private Wealth Services LLC bought a new stake in shares of nVent Electric during the fourth quarter worth $599,000. Holocene Advisors LP bought a new position in nVent Electric in the third quarter valued at $151,265,000. 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 purchasing an additional 37,886 shares in the last quarter. Finally, Trivium Point Advisory LLC bought a new position in nVent Electric in the third quarter valued at $3,326,000. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. Roth Mkm reaffirmed a “buy” rating and issued a $185.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Sanford C. Bernstein set a $218.00 target price on shares of nVent Electric and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Barclays raised their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, KeyCorp raised 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $189.50.

nVent Electric Price Performance

Shares of NYSE NVT opened at $171.36 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $155.78 and its two-hundred day moving average price is $126.88. The company has a market cap of $27.71 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. nVent Electric PLC has a twelve month low of $68.60 and a twelve month high of $178.00.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. 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. On average, analysts predict that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s payout ratio is presently 27.91%.

nVent Electric announced that its Board of Directors has approved a stock repurchase program 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 programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at nVent Electric

In related news, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction dated 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 sale, the executive vice president owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the sale, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. The trade was a 94.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 in the last ninety days. Insiders own 1.70% of the company’s stock.

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.