Synergy Asset Management LLC Acquires New Position in nVent Electric PLC $NVT

Synergy Asset Management LLC bought a new position in nVent Electric PLC (NYSE:NVT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,614 shares of the company’s stock, valued at approximately $1,291,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in nVent Electric during the fourth quarter valued at about $599,000. Swedbank AB purchased a new position in shares of nVent Electric in the fourth quarter worth about $59,312,000. Katamaran Capital LLP purchased a new position in shares of nVent Electric in the fourth quarter worth about $2,171,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of nVent Electric by 103.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after acquiring an additional 9,734 shares during the last quarter. Finally, Dougherty & Associates LLC bought a new stake in shares of nVent Electric in the 4th quarter valued at about $987,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In related news, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider directly owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 74,644 shares of company stock valued at $12,276,886 over the last quarter. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVT. Melius Research began coverage on nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price target on the stock. Barclays boosted their price objective on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Clear Str upgraded shares of nVent Electric to a “strong-buy” rating in a report on Monday, July 13th. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 target price on shares of nVent Electric in a research note on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating and set a $210.00 price target on shares of nVent Electric in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $198.79.

nVent Electric Stock Down 0.7%

NYSE NVT opened at $169.98 on Friday. nVent Electric PLC has a 1 year low of $85.72 and a 1 year high of $184.64. The stock has a market capitalization of $27.51 billion, a PE ratio of 46.44, a PEG ratio of 1.44 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The business’s 50-day moving average is $161.10 and its 200 day moving average is $142.62.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s quarterly revenue 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. Sell-side analysts forecast that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric declared that its board has initiated a share buyback program 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 22.95%.

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.