nVent Electric PLC $NVT Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its holdings in shares of nVent Electric PLC (NYSE:NVT) by 4.5% during the first quarter, HoldingsChannel reports. The firm owned 81,796 shares of the company’s stock after selling 3,892 shares during the quarter. nVent Electric accounts for approximately 1.7% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 19th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in nVent Electric were worth $9,675,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of nVent Electric by 33.1% in the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after purchasing an additional 23,606 shares during the period. Jones Financial Companies Lllp lifted its position in nVent Electric by 575.6% during the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after buying an additional 7,500 shares during the period. Geneos Wealth Management Inc. boosted its stake in nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after buying an additional 872 shares during the last quarter. Marshall Wace LLP boosted its stake in nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock worth $3,008,000 after buying an additional 9,898 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in nVent Electric by 57.7% in the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after buying an additional 2,977 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Performance

nVent Electric stock opened at $177.20 on Monday. The stock’s 50-day moving average is $157.94 and its 200-day moving average is $127.87. The company has a market cap of $28.66 billion, a price-to-earnings ratio of 58.87, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. nVent Electric PLC has a 12 month low of $68.60 and a 12 month high of $179.03.

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

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

nVent Electric Dividend Announcement

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

Insider Activity

In other news, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value 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 $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the transaction, the chief accounting officer directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 87,685 shares of company stock valued at $14,961,768 over the last quarter. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVT shares. Melius Research started coverage on shares of nVent Electric in a report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price objective on the stock. Roth Mkm restated a “buy” rating and issued a $185.00 target price on shares of nVent Electric in a report on Monday, May 4th. Evercore reaffirmed an “outperform” rating and set a $190.00 price target on shares of nVent Electric in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research note on Thursday, June 11th. Finally, Barclays lifted their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $189.50.

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.