Burney Co. Has $477,000 Stock Position in nVent Electric PLC $NVT

Burney Co. lessened its stake in nVent Electric PLC (NYSE:NVT) by 58.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,036 shares of the company’s stock after selling 5,728 shares during the quarter. Burney Co.’s holdings in nVent Electric were worth $477,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Signet Private Wealth LLC boosted its stake in nVent Electric by 50.1% in the 1st quarter. Signet Private Wealth LLC now owns 3,153 shares of the company’s stock worth $373,000 after purchasing an additional 1,052 shares during the period. Swedbank AB lifted its holdings in shares of nVent Electric by 46.8% in the first quarter. Swedbank AB now owns 854,040 shares of the company’s stock valued at $101,016,000 after purchasing an additional 272,379 shares in the last quarter. Busey Bank grew its holdings in shares of nVent Electric by 0.7% during the first quarter. Busey Bank now owns 151,381 shares of the company’s stock worth $17,905,000 after buying an additional 1,041 shares in the last quarter. Collaborative Fund Advisors LLC bought a new position in shares of nVent Electric during the first quarter worth about $893,000. Finally, V Square Quantitative Management LLC raised its position in nVent Electric by 20.9% in the 1st quarter. V Square Quantitative Management LLC now owns 2,622 shares of the company’s stock valued at $310,000 after buying an additional 454 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NVT. Wolfe Research reaffirmed an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a research note on Thursday. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 price target on shares of nVent Electric in a research report on Monday, May 4th. KeyCorp upped their target price on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $189.77.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction that occurred on 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 owned 37,089 shares in the company, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,685 shares of company stock valued at $14,961,768 in the last three months. Insiders own 1.70% of the company’s stock.

nVent Electric Stock Up 2.1%

NVT stock opened at $158.05 on Friday. 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 firm has a market capitalization of $25.56 billion, a PE ratio of 52.51, a PEG ratio of 1.46 and a beta of 1.36. nVent Electric PLC has a 1-year low of $68.90 and a 1-year high of $184.64. The business’s 50 day simple moving average is $165.45 and its 200 day simple moving average is $133.62.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.67 EPS. nVent Electric’s quarterly revenue was up 53.5% on a year-over-year basis. 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, research analysts anticipate that nVent Electric PLC will post 4.56 EPS for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid 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 dividend payout ratio is 27.91%.

nVent Electric announced that its Board of Directors has initiated 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 purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.