nVent Electric PLC $NVT Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI cut its stake in nVent Electric PLC (NYSE:NVT) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,036 shares of the company’s stock after selling 3,855 shares during the period. nVent Electric makes up approximately 2.3% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 13th biggest position. LVM Capital Management Ltd. MI owned approximately 0.10% of nVent Electric worth $27,144,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new position in nVent Electric in the fourth quarter worth approximately $599,000. Swedbank AB acquired a new stake in shares of nVent Electric during the 4th quarter valued at $59,312,000. Katamaran Capital LLP bought a new stake in shares of nVent Electric during the 4th quarter worth $2,171,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of nVent Electric by 103.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock worth $1,952,000 after acquiring an additional 9,734 shares in the last quarter. Finally, Dougherty & Associates LLC bought a new stake in shares of nVent Electric during the 4th quarter worth $987,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 target price on shares of nVent Electric in a research report on Monday, August 3rd. Robert W. Baird increased their price target on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Roth Capital reissued a “buy” rating and issued a $195.00 price target on shares of nVent Electric in a research note on Monday, August 3rd. Melius Research began coverage on nVent Electric in a report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price objective on the stock. Finally, UBS Group set a $225.00 price objective on shares of nVent Electric in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, nVent Electric currently has an average rating of “Buy” and an average target price of $198.79.

Insider Buying and Selling at nVent Electric

In other news, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 97,068 shares in the company, valued at $16,743,259.32. The trade was a 23.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the sale, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 98,198 shares of company stock valued at $16,387,575 in the last quarter. Company insiders own 1.70% of the company’s stock.

nVent Electric Trading Down 1.5%

NYSE:NVT opened at $162.22 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. nVent Electric PLC has a fifty-two week low of $85.72 and a fifty-two week high of $184.64. The stock’s 50-day moving average is $161.40 and its two-hundred day moving average is $141.39. The stock has a market cap of $26.26 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.37.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was up 52.8% compared to the same quarter last year. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, equities research analysts forecast that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is 22.95%.

nVent Electric announced that its Board of Directors has initiated a stock buyback plan on Saturday, May 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.