nVent Electric PLC $NVT Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its position in shares of nVent Electric PLC (NYSE:NVT) by 84.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,245 shares of the company’s stock after selling 38,223 shares during the quarter. Kingsview Wealth Management LLC’s holdings in nVent Electric were worth $739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of nVent Electric by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after purchasing an additional 217,485 shares in the last quarter. Clark Capital Management Group Inc. grew its position in nVent Electric by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock worth $180,551,000 after buying an additional 43,502 shares during the last quarter. Merewether Investment Management LP increased its holdings in shares of nVent Electric by 59.2% in the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after buying an additional 631,800 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of nVent Electric by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,696,550 shares of the company’s stock valued at $172,997,000 after acquiring an additional 57,528 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of nVent Electric by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,627,329 shares of the company’s stock worth $160,521,000 after acquiring an additional 126,991 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NVT shares. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. KeyCorp boosted their price target on shares of nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup raised their price objective on shares of nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays boosted their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, nVent Electric presently has an average rating of “Buy” and a consensus target price of $184.20.

nVent Electric Stock Performance

Shares of NVT opened at $173.19 on Wednesday. The firm has a market cap of $28.01 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. The company’s fifty day moving average is $144.24 and its 200-day moving average is $121.62. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. nVent Electric PLC has a 12 month low of $64.92 and a 12 month high of $178.00.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s 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. Equities analysts expect that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s payout ratio is currently 27.91%.

nVent Electric announced that its board has authorized a share buyback plan on Saturday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, 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 transaction, the executive vice president owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. The trade was a 40.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the transaction, the chief marketing officer owned 225 shares in the company, valued at approximately $38,250. The trade was a 94.38% 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 valued at $14,961,768 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

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.