Easterly Investment Partners LLC Buys 5,474 Shares of nVent Electric PLC $NVT

Easterly Investment Partners LLC lifted its stake in shares of nVent Electric PLC (NYSE:NVT) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 92,323 shares of the company’s stock after acquiring an additional 5,474 shares during the quarter. Easterly Investment Partners LLC’s holdings in nVent Electric were worth $9,414,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of nVent Electric during the fourth quarter worth about $32,000. Advisory Services Network LLC bought a new position in shares of nVent Electric during the third quarter worth about $35,000. Elyxium Wealth LLC bought a new position in shares of nVent Electric during the fourth quarter worth about $36,000. Headlands Technologies LLC raised its position in shares of nVent Electric by 522.9% during the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 434 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of nVent Electric during the fourth quarter worth about $40,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVT shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 target price on shares of nVent Electric in a report on Monday, May 4th. Citigroup lifted their target price on nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group lifted their target price on nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $184.20.

nVent Electric Trading Down 0.2%

Shares of NVT stock opened at $166.73 on Monday. The company has a market cap of $26.96 billion, a P/E ratio of 55.39, a PEG ratio of 1.58 and a beta of 1.35. The stock has a 50 day simple moving average of $143.26 and a two-hundred day simple moving average of $121.18. 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 fifty-two week low of $63.60 and a fifty-two week high of $175.00.

nVent Electric (NYSE:NVT) last issued 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 return on equity of 16.82% and a net margin of 11.37%.The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts forecast that nVent Electric PLC will post 4.55 earnings per share 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 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 yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.

nVent Electric announced that its Board of Directors has approved a share buyback plan on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other nVent Electric news, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider owned 97,068 shares in the company, valued at approximately $16,743,259.32. The trade was a 23.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the sale, the executive vice president owned 23,243 shares of the company’s stock, valued at $4,044,282. This trade represents a 40.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 in the last quarter. Insiders own 1.70% of the company’s stock.

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.