Pacer Advisors Inc. Has $4.12 Million Position in nVent Electric PLC $NVT

Pacer Advisors Inc. raised its position in nVent Electric PLC (NYSE:NVT) by 32.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,416 shares of the company’s stock after buying an additional 9,881 shares during the period. Pacer Advisors Inc.’s holdings in nVent Electric were worth $4,121,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NVT. Birchwood Financial Partners Inc. bought a new stake in shares of nVent Electric during the fourth quarter worth about $40,000. Corient Private Wealth LLC raised its holdings in nVent Electric by 0.4% in the 4th quarter. Corient Private Wealth LLC now owns 34,083 shares of the company’s stock valued at $3,491,000 after buying an additional 150 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in nVent Electric by 27.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,855 shares of the company’s stock worth $801,000 after buying an additional 1,668 shares during the period. Galaxy Group Investments LLC acquired a new stake in nVent Electric during the 4th quarter worth approximately $912,000. Finally, Vident Advisory LLC grew its holdings in nVent Electric by 6.0% during the 4th quarter. Vident Advisory LLC now owns 5,016 shares of the company’s stock worth $511,000 after acquiring an additional 283 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Trading Up 4.1%

NYSE:NVT opened at $184.33 on Tuesday. The firm’s fifty day moving average is $159.06 and its 200-day moving average is $128.43. 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 52 week low of $68.60 and a 52 week high of $184.64. The firm has a market cap of $29.81 billion, a P/E ratio of 61.24, a P/E/G ratio of 1.68 and a beta of 1.35.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. nVent Electric’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the firm earned $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. Equities analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its board has authorized a stock repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

nVent Electric Dividend Announcement

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

Insider Transactions at nVent Electric

In other news, CAO Randolph A. Wacker sold 4,094 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the transaction, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at $8,257,472.61. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the sale, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. The trade was a 40.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NVT shares. Melius Research assumed coverage on shares of nVent Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price target for the company. KeyCorp boosted their price objective on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup raised their target price on nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, nVent Electric presently has an average rating of “Buy” and a consensus price target of $189.50.

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.