First Trust Advisors LP Buys 419,239 Shares of nVent Electric PLC $NVT

First Trust Advisors LP raised its stake in nVent Electric PLC (NYSE:NVT) by 32.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,696,369 shares of the company’s stock after buying an additional 419,239 shares during the period. First Trust Advisors LP’s holdings in nVent Electric were worth $200,647,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in nVent Electric by 128.1% during the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in nVent Electric in the 4th quarter worth about $32,000. Advisory Services Network LLC bought a new position in nVent Electric in the third quarter valued at about $35,000. Elyxium Wealth LLC bought a new position in nVent Electric in the fourth quarter valued at about $36,000. Finally, Headlands Technologies LLC boosted its stake in shares of nVent Electric by 522.9% during the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Performance

NVT opened at $158.74 on Thursday. nVent Electric PLC has a 1-year low of $75.81 and a 1-year high of $184.64. The company has a market cap of $25.67 billion, a price-to-earnings ratio of 52.74, a PEG ratio of 1.52 and a beta of 1.36. The company’s fifty day moving average price is $164.38 and its two-hundred day moving average price is $137.09. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

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, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business’s revenue was up 53.5% on a year-over-year basis. During the same period last 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 expect that nVent Electric PLC will post 4.56 EPS for the current fiscal year.

nVent Electric Announces Dividend

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

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

Analysts Set New Price Targets

NVT has been the topic of several research reports. Citigroup boosted their price target on nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Clear Str upgraded shares of nVent Electric to a “strong-buy” rating in a research report on Monday, July 13th. Barclays boosted their target price on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Robert W. Baird assumed coverage on shares of nVent Electric in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $188.00 price target for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $190.57.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the transaction, the executive vice president owned 37,089 shares in the company, valued at $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the transaction, the chief accounting officer directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. The trade was a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by corporate insiders.

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.