nVent Electric PLC $NVT Stock Position Reduced by Eventide Asset Management LLC

Eventide Asset Management LLC cut its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 514,890 shares of the company’s stock after selling 26,443 shares during the period. Eventide Asset Management LLC’s holdings in nVent Electric were worth $52,551,000 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 the stock. Annex Advisory Services LLC boosted its stake in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after buying an additional 94 shares during the period. NewEdge Wealth LLC boosted its stake in shares of nVent Electric by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after buying an additional 94 shares during the period. CI Investments Inc. boosted its stake in shares of nVent Electric by 15.6% during the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after buying an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of nVent Electric by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock valued at $1,055,000 after buying an additional 98 shares during the period. Finally, NorthRock Partners LLC boosted its stake in shares of nVent Electric by 1.9% during the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after buying an additional 104 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Price Performance

NYSE NVT opened at $166.13 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $26.87 billion, a PE ratio of 55.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company has a 50 day moving average price of $152.70 and a two-hundred day moving average price of $125.39. nVent Electric PLC has a 12-month low of $67.79 and a 12-month high of $178.00.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. nVent Electric’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. 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. As a group, equities analysts predict that nVent Electric PLC will post 4.55 earnings per share for the current fiscal 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 given a $0.21 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s payout ratio is currently 27.91%.

nVent Electric announced that its board has initiated a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVT. Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Evercore reissued an “outperform” rating and set a $190.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Barclays lifted their target price 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. Royal Bank Of Canada lifted their target price on shares of nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $187.27.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value of $4,603,864.89. Following the transaction, the executive vice president owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of nVent Electric stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction 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. The trade was a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by 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.