Artemis Investment Management LLP Sells 153,020 Shares of nVent Electric PLC $NVT

Artemis Investment Management LLP decreased its holdings in nVent Electric PLC (NYSE:NVT) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 516,997 shares of the company’s stock after selling 153,020 shares during the period. Artemis Investment Management LLP owned approximately 0.32% of nVent Electric worth $82,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NorthRock Partners LLC grew its position in shares of nVent Electric by 1.0% during the 2nd quarter. NorthRock Partners LLC now owns 6,602 shares of the company’s stock worth $1,120,000 after buying an additional 66 shares in the last quarter. Sowell Financial Services LLC lifted its position in shares of nVent Electric by 1.7% in the 2nd quarter. Sowell Financial Services LLC now owns 4,012 shares of the company’s stock worth $680,000 after purchasing an additional 67 shares during the period. AlTi Global Inc. boosted its stake in shares of nVent Electric by 1.8% during the first quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock valued at $483,000 after purchasing an additional 74 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of nVent Electric by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock valued at $977,000 after purchasing an additional 77 shares in the last quarter. Finally, CX Institutional increased its holdings in nVent Electric by 2.7% during the third quarter. CX Institutional now owns 3,442 shares of the company’s stock valued at $552,000 after buying an additional 89 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at nVent Electric

In related news, CAO Randolph Wacker sold 22,525 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the transaction, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of the firm’s 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 completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,644 shares of company stock valued at $12,276,886 over the last ninety days. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd. 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 objective on the stock. Seaport Research Partners reiterated a “buy” rating and issued a $215.00 target price on shares of nVent Electric in a report on Monday, August 3rd. Citigroup increased their price target on shares of nVent Electric from $203.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company began coverage on shares of nVent Electric in a report on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $199.50.

nVent Electric Stock Performance

Shares of nVent Electric stock traded down $5.05 during trading on Thursday, hitting $162.77. 751,869 shares of the company’s stock were exchanged, compared to its average volume of 2,220,490. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 0.94 and a beta of 1.35. The business has a 50-day simple moving average of $159.26 and a 200-day simple moving average of $154.73. nVent Electric PLC has a 52-week low of $93.22 and a 52-week high of $184.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, research analysts forecast that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s payout ratio is currently 22.95%.

nVent Electric Company Profile

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.