11,500 Shares in nVent Electric PLC $NVT Purchased by Rithm Capital Corp.

Rithm Capital Corp. acquired a new stake in nVent Electric PLC (NYSE:NVT) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 11,500 shares of the company’s stock, valued at approximately $1,360,000. nVent Electric accounts for about 2.0% of Rithm Capital Corp.’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVT. Geode Capital Management LLC boosted its stake in nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after purchasing an additional 217,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of nVent Electric by 361.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after buying an additional 2,019,483 shares during the last quarter. Norges Bank purchased a new position in shares of nVent Electric in the fourth quarter worth about $245,955,000. Bank of New York Mellon Corp lifted its stake in shares of nVent Electric by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock worth $238,758,000 after buying an additional 68,818 shares in the last quarter. Finally, Merewether Investment Management LP boosted its position in nVent Electric by 59.2% during the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock worth $167,656,000 after acquiring an additional 631,800 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of NVT stock opened at $149.38 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The firm’s 50-day moving average is $163.49 and its two-hundred day moving average is $138.05. nVent Electric PLC has a 12 month low of $78.03 and a 12 month high of $184.64. The company has a market capitalization of $24.16 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36.

nVent Electric (NYSE:NVT) last posted its earnings results 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 net margin of 11.37% and a return on equity of 16.82%. The company 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 business posted $0.67 EPS. nVent Electric’s revenue was up 53.5% on a year-over-year basis. 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. Analysts predict that nVent Electric PLC will post 4.56 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.21 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.6%. nVent Electric’s dividend payout ratio is currently 27.91%.

nVent Electric announced that its Board of Directors has initiated a share repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVT has been the subject of several research reports. Barclays upped their price objective on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Melius Research started coverage on shares of nVent Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $214.00 target price on the stock. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Finally, Royal Bank Of Canada lifted their price objective on nVent Electric from $180.00 to $193.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Four equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $190.57.

Insider Transactions at nVent Electric

In related news, insider Sara E. Zawoyski sold 29,412 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total value of $5,073,275.88. Following the completion of the transaction, the insider directly owned 97,068 shares in the company, valued at approximately $16,743,259.32. This represents a 23.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This trade 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 in the last ninety days. 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.