Night Squared LP Sells 32,904 Shares of nVent Electric PLC $NVT

Night Squared LP reduced its holdings in shares of nVent Electric PLC (NYSE:NVT) by 37.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,562 shares of the company’s stock after selling 32,904 shares during the period. nVent Electric comprises about 2.0% of Night Squared LP’s investment portfolio, making the stock its 20th biggest position. Night Squared LP’s holdings in nVent Electric were worth $5,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Global Trust Asset Management LLC bought a new position in nVent Electric during the third quarter worth about $30,000. Root Financial Partners LLC bought a new stake in shares of nVent Electric in the 3rd quarter valued at approximately $31,000. Manchester Capital Management LLC grew its stake in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Headlands Technologies LLC lifted its position in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after buying an additional 434 shares during the period. Finally, First Horizon Corp bought a new position in shares of nVent Electric during the 3rd quarter worth approximately $41,000. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVT. Citigroup boosted their price target on nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings upgraded nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. KeyCorp lifted their price objective on nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their target price on shares of nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, UBS Group reiterated a “buy” rating and set a $135.00 target price on shares of nVent Electric in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, nVent Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.78.

Insiders Place Their Bets

In related news, Director Jerry W. Burris sold 5,244 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the sale, the director owned 46,371 shares of the company’s stock, valued at $5,206,072.17. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Beth Wozniak sold 7,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the transaction, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. This trade represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 17,841 shares of company stock valued at $2,046,166. Insiders own 1.80% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $109.86 on Friday. The business’s fifty day moving average is $112.29 and its two-hundred day moving average is $105.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. The firm has a market cap of $17.77 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.12 and a beta of 1.31. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $122.92.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s payout ratio is currently 19.53%.

nVent Electric 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.