nVent Electric PLC $NVT Stock Position Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of nVent Electric PLC (NYSE:NVT) by 26.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 823,917 shares of the company’s stock after selling 297,548 shares during the period. Vontobel Holding Ltd.’s holdings in nVent Electric were worth $132,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVT. Amundi grew its stake in nVent Electric by 146.8% during the first quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after buying an additional 649,992 shares during the last quarter. First Trust Advisors LP raised its stake in shares of nVent Electric by 32.8% in the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock valued at $200,647,000 after acquiring an additional 419,239 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of nVent Electric by 130.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 501,362 shares of the company’s stock valued at $59,301,000 after acquiring an additional 283,671 shares during the last quarter. Swedbank AB boosted its holdings in shares of nVent Electric by 46.8% in the 1st quarter. Swedbank AB now owns 854,040 shares of the company’s stock worth $101,016,000 after acquiring an additional 272,379 shares in the last quarter. Finally, State Street Corp grew its position in nVent Electric by 4.9% during the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock worth $901,159,000 after acquiring an additional 250,248 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. 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 transaction, the chief accounting officer owned 27,441 shares of the company’s stock, valued at $4,517,337.42. This represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares of the company’s stock, valued at $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is currently owned by insiders.

nVent Electric Trading Down 2.5%

NVT stock traded down $3.62 during midday trading on Friday, reaching $142.11. The stock had a trading volume of 2,322,309 shares, compared to its average volume of 2,043,186. The business has a fifty day simple moving average of $158.96 and a two-hundred day simple moving average of $156.24. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.79 and a beta of 1.35. nVent Electric PLC has a twelve month low of $93.22 and a twelve month high of $184.64.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The company’s revenue was up 52.8% compared to the same quarter last year. During the same period 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. As a group, research analysts expect that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 23rd. nVent Electric’s dividend payout ratio is currently 22.95%.

Wall Street Analyst Weigh In

NVT has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $210.00 price target on shares of nVent Electric in a report on Monday, August 3rd. Roth Capital restated a “buy” rating and issued a $210.00 target price (up from $195.00) on shares of nVent Electric in a research note on Tuesday, August 25th. Weiss Ratings raised nVent Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Royal Bank Of Canada increased their price objective on shares of nVent Electric from $200.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, nVent Electric currently has an average rating of “Buy” and a consensus target price of $200.81.

nVent Electric 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.