Swedbank AB Has $101.02 Million Position in nVent Electric PLC $NVT

Swedbank AB lifted its holdings in shares of nVent Electric PLC (NYSE:NVT) by 46.8% in the 1st quarter, HoldingsChannel reports. The fund owned 854,040 shares of the company’s stock after purchasing an additional 272,379 shares during the period. Swedbank AB’s holdings in nVent Electric were worth $101,016,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after acquiring an additional 872 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of nVent Electric by 31.8% in the second quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock valued at $3,008,000 after purchasing an additional 9,898 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of nVent Electric by 57.7% in the second quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after purchasing an additional 2,977 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $153.26 on Wednesday. The company has a 50 day moving average of $164.80 and a 200 day moving average of $132.82. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The stock has a market cap of $24.79 billion, a P/E ratio of 50.92, a P/E/G ratio of 1.48 and a beta of 1.36. nVent Electric PLC has a 12 month low of $68.90 and a 12 month high of $184.64.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.15. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, sell-side analysts forecast that nVent Electric PLC will post 4.56 EPS for the current fiscal year.

nVent Electric announced that its board has approved a stock repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a dividend of $0.21 per share. 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 currently 27.91%.

Insider Activity at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the transaction, the executive vice president directly owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction that occurred on 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 owned 49,873 shares in the company, valued at approximately $8,257,472.61. The trade was a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,685 shares of company stock worth $14,961,768 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NVT has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. Sanford C. Bernstein set a $218.00 price target on nVent Electric and gave the stock an “outperform” rating in a report on Tuesday, June 9th. 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. Finally, The Goldman Sachs Group upped their price objective on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two equities 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’s stock. According to data from MarketBeat, nVent Electric has a consensus rating of “Buy” and a consensus price target of $189.50.

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.