nVent Electric PLC $NVT Position Lowered by Rempart Asset Management Inc.

Rempart Asset Management Inc. reduced its position in shares of nVent Electric PLC (NYSE:NVT) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 248,450 shares of the company’s stock after selling 45,875 shares during the period. nVent Electric comprises approximately 4.8% of Rempart Asset Management Inc.’s portfolio, making the stock its 9th largest position. Rempart Asset Management Inc. owned approximately 0.15% of nVent Electric worth $25,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CI Investments Inc. increased its holdings in nVent Electric by 15.6% in the third quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after buying an additional 96 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in nVent Electric by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after buying an additional 98 shares during the last quarter. BCS Private Wealth Management Inc. boosted its position in shares of nVent Electric by 1.5% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 6,631 shares of the company’s stock worth $654,000 after acquiring an additional 100 shares in the last quarter. NorthRock Partners LLC boosted its position in shares of nVent Electric by 1.9% during the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock worth $554,000 after acquiring an additional 104 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of nVent Electric by 1.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,242 shares of the company’s stock valued at $1,010,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Royal Bank Of Canada increased their price target on shares of nVent Electric from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Citigroup raised their price objective on shares of nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Roth Mkm boosted their price objective on shares of nVent Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group restated a “buy” rating and issued a $135.00 target price on shares of nVent Electric in a report on Friday, March 13th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.50.

Insider Buying and Selling

In related news, Director Jerry W. Burris sold 5,244 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $112.27, for a total transaction of $588,743.88. Following the completion of the sale, the director owned 46,371 shares in the company, valued at $5,206,072.17. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total transaction of $572,600.00. Following the transaction, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,841 shares of company stock worth $2,046,166 in the last 90 days. Company insiders own 1.80% of the company’s stock.

nVent Electric Trading Up 0.9%

NYSE:NVT opened at $126.73 on Thursday. The company has a market capitalization of $20.50 billion, a PE ratio of 29.47, a P/E/G ratio of 1.31 and a beta of 1.31. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $129.94. The stock’s 50 day moving average price is $114.57 and its 200 day moving average price is $106.87. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data 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 analysts’ expectations of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be given a $0.21 dividend. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio is 19.53%.

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.