nVent Electric PLC $NVT Stake Decreased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its stake in nVent Electric PLC (NYSE:NVT) by 71.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,596 shares of the company’s stock after selling 6,509 shares during the period. TD Waterhouse Canada Inc.’s holdings in nVent Electric were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after buying an additional 250,248 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of nVent Electric by 16.8% in the second quarter. Sequoia Financial Advisors LLC now owns 76,540 shares of the company’s stock worth $12,982,000 after acquiring an additional 11,033 shares in the last quarter. Alua Capital Management LP purchased a new stake in shares of nVent Electric during the first quarter worth $27,394,000. Engineers Gate Manager LP increased its position in shares of nVent Electric by 327.1% during the second quarter. Engineers Gate Manager LP now owns 33,538 shares of the company’s stock worth $5,688,000 after acquiring an additional 25,686 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in nVent Electric by 96.0% in the second quarter. Corient Private Wealth LP now owns 36,357 shares of the company’s stock valued at $6,167,000 after purchasing an additional 17,806 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Performance

NYSE:NVT opened at $125.42 on Friday. nVent Electric PLC has a 1-year low of $93.22 and a 1-year high of $184.64. 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 firm’s fifty day moving average price is $155.70 and its 200 day moving average price is $156.88. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 0.69 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. 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, sell-side analysts expect that nVent Electric PLC will post 5.13 EPS for the current 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 23rd. nVent Electric’s dividend payout ratio is currently 22.95%.

Insiders Place Their Bets

In other nVent Electric news, insider Robert van der Kolk sold 5,858 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the transaction, the insider owned 27,387 shares in the company, valued at approximately $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Randolph Wacker sold 22,525 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the sale, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVT has been the subject of a number of recent research reports. Wells Fargo & Company assumed coverage on shares of nVent Electric in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 price target for the company. Roth Capital restated a “buy” rating and issued a $210.00 price objective (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. JPMorgan Chase & Co. started coverage on shares of nVent Electric in a report on Tuesday. They issued an “overweight” rating and a $167.00 price objective on the stock. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Evercore restated an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $198.82.

nVent Electric Profile

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.