Rep. Thomas H. Kean, Jr. Sells nVent Electric PLC (NYSE:NVT) Shares

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of nVent Electric PLC (NYSE:NVT). In a filing disclosed on May 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in nVent Electric stock on April 15th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
• Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
• Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
• Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/14/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
• Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 3/26/2026.
• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.

nVent Electric Stock Up 1.1%

NYSE:NVT opened at $166.73 on Friday. The firm has a market cap of $26.96 billion, a P/E ratio of 55.39, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. nVent Electric PLC has a fifty-two week low of $63.60 and a fifty-two week high of $175.00. The firm has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $121.12.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $1.24 billion during 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 period last year, the business earned $0.67 EPS. 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. Analysts predict that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is currently 27.91%.

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

Wall Street Analyst Weigh In

NVT has been the topic of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $185.00 price target on shares of nVent Electric in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Glj Research initiated coverage on nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price objective for the company. Finally, Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $184.20.

Institutional Trading of nVent Electric

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in nVent Electric during the third quarter valued at approximately $31,000. Manchester Capital Management LLC grew its position in nVent Electric by 128.1% during the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after buying an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new stake in nVent Electric during the fourth quarter valued at approximately $32,000. Advisory Services Network LLC bought a new stake in nVent Electric during the third quarter valued at approximately $35,000. Finally, Elyxium Wealth LLC bought a new stake in nVent Electric during the fourth quarter valued at approximately $36,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the transaction, the chief accounting officer directly owned 49,873 shares in the company, valued at $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the transaction, the executive vice president owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. The trade was a 40.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,685 shares of company stock valued at $14,961,768 in the last three months. Corporate insiders own 1.70% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.