Handelsbanken Fonder AB Sells 108,000 Shares of nVent Electric PLC $NVT

Handelsbanken Fonder AB lowered its position in nVent Electric PLC (NYSE:NVT) by 28.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 270,708 shares of the company’s stock after selling 108,000 shares during the period. Handelsbanken Fonder AB’s holdings in nVent Electric were worth $45,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVT. AlTi Global Inc. raised its stake in shares of nVent Electric by 1.8% during the first quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock worth $483,000 after acquiring an additional 74 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of nVent Electric by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock valued at $977,000 after purchasing an additional 77 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of nVent Electric by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock valued at $1,167,000 after purchasing an additional 93 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after purchasing an additional 94 shares during the last quarter. Finally, NewEdge Wealth LLC grew its holdings in shares of nVent Electric by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after purchasing an additional 94 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Up 2.9%

Shares of NYSE NVT opened at $167.11 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. nVent Electric PLC has a 52 week low of $85.72 and a 52 week high of $184.64. The firm’s fifty day moving average is $161.28 and its 200 day moving average is $141.77. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 1.36 and a beta of 1.37.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.29. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. 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. On average, equities research analysts expect that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric declared that its board has initiated a stock buyback plan on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

nVent Electric Announces Dividend

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

Insider Transactions at nVent Electric

In related news, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares in the company, valued at $9,143,725.04. The trade was a 45.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Randolph A. Wacker sold 22,525 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer owned 27,441 shares in the company, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 74,644 shares of company stock worth $12,276,886. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wolfe Research reissued an “outperform” rating and issued a $191.00 price target on shares of nVent Electric in a research note on Thursday, July 9th. Melius Research began coverage on nVent Electric in a research note on Tuesday, June 16th. They set a “buy” rating and a $214.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price objective on shares of nVent Electric in a report on Saturday, August 1st. Finally, Sanford C. Bernstein set a $220.00 target price on nVent Electric in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $198.79.

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.