Wellington Management Group LLP Has $18.28 Million Stake in nVent Electric PLC $NVT

Wellington Management Group LLP lifted its holdings in nVent Electric PLC (NYSE:NVT) by 103.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,780 shares of the company’s stock after acquiring an additional 54,680 shares during the quarter. Wellington Management Group LLP owned approximately 0.07% of nVent Electric worth $18,281,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of nVent Electric in the fourth quarter valued at $245,955,000. Price T Rowe Associates Inc. MD lifted its position in nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after buying an additional 2,019,483 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in nVent Electric by 3,467.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after acquiring an additional 1,288,924 shares during the last quarter. Merewether Investment Management LP bought a new stake in nVent Electric during the 2nd quarter worth about $78,222,000. Finally, Amundi increased its position in nVent Electric by 146.8% in the 1st quarter. Amundi now owns 1,092,802 shares of the company’s stock valued at $129,257,000 after acquiring an additional 649,992 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Stock Down 0.0%

Shares of NYSE:NVT opened at $155.96 on Monday. 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 stock has a market cap of $25.24 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 1.31 and a beta of 1.36. The company has a 50 day moving average of $157.09 and a 200-day moving average of $147.36. nVent Electric PLC has a one year low of $89.90 and a one year high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data 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. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.86 earnings per share. nVent Electric’s revenue was up 52.8% compared to the same quarter last year. 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 forecast that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric announced that its Board of Directors has approved a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

NVT has been the subject of a number of research analyst reports. Citigroup boosted their target price on shares of nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price target on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird boosted their price objective on shares of nVent Electric from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $191.00 price objective on shares of nVent Electric in a report on Thursday, July 9th. Finally, Melius Research started coverage on nVent Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, nVent Electric currently has an average rating of “Buy” and an average target price of $199.86.

Insider Activity

In other 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 transaction, the insider owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Randolph Wacker sold 22,525 shares of the firm’s 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 owned 27,441 shares in the company, valued at $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,644 shares of company stock valued at $12,276,886 in the last 90 days. 1.70% of the stock is owned by company insiders.

About nVent Electric

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.