First National Advisers LLC Takes Position in nVent Electric PLC $NVT

First National Advisers LLC bought a new stake in shares of nVent Electric PLC (NYSE:NVT) in the 4th quarter, Holdings Channel reports. The fund bought 21,633 shares of the company’s stock, valued at approximately $2,206,000.

A number of other hedge funds have also bought and sold shares of NVT. Holocene Advisors LP acquired a new position in nVent Electric in the third quarter worth about $151,265,000. Balyasny Asset Management L.P. grew its stake in nVent Electric by 3,467.1% in the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after purchasing an additional 1,288,924 shares in the last quarter. Merewether Investment Management LP acquired a new position in nVent Electric in the second quarter worth about $78,222,000. Swedbank AB acquired a new position in nVent Electric in the fourth quarter worth about $59,312,000. Finally, Bank of America Corp DE grew its stake in nVent Electric by 93.4% in the second quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock worth $73,137,000 after purchasing an additional 482,083 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Beth Wozniak sold 7,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the sale, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aravind Padmanabhan sold 6,988 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $170.38, for a total value of $1,190,615.44. Following the sale, the executive vice president directly owned 23,243 shares in the company, valued at approximately $3,960,142.34. The trade was a 23.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 46,150 shares of company stock valued at $7,357,147. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

NVT has been the subject of a number of research reports. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research note on Monday, February 9th. UBS Group lifted their price target on nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. KeyCorp lifted their price target on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Roth Mkm reiterated a “buy” rating and issued a $185.00 price target on shares of nVent Electric in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $184.20.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $173.31 on Tuesday. 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 stock has a 50 day simple moving average of $128.19 and a 200-day simple moving average of $115.34. The company has a market cap of $28.03 billion, a PE ratio of 57.58, a P/E/G ratio of 1.61 and a beta of 1.32. nVent Electric PLC has a 12-month low of $63.15 and a 12-month high of $175.00.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate 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 was up 53.5% on a year-over-year basis. During the same period in the previous year, the firm posted $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, equities research analysts forecast that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric Dividend Announcement

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

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.