J.W. Cole Advisors Inc. Sells 3,626 Shares of nVent Electric PLC $NVT

J.W. Cole Advisors Inc. reduced its position in shares of nVent Electric PLC (NYSE:NVT) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,442 shares of the company’s stock after selling 3,626 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in nVent Electric were worth $1,473,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Annex Advisory Services LLC grew its stake in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after purchasing an additional 94 shares during the period. NewEdge Wealth LLC grew its stake in shares of nVent Electric by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after purchasing an additional 94 shares during the period. CI Investments Inc. grew its stake in shares of nVent Electric by 15.6% during the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after purchasing an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of 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 valued at $1,055,000 after purchasing an additional 98 shares during the period. Finally, NorthRock Partners LLC grew its stake 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 valued at $554,000 after acquiring an additional 104 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the sale, the chief accounting officer directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the sale, the executive vice president owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price objective on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Roth Mkm restated a “buy” rating and issued a $185.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Evercore restated an “outperform” rating and issued a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Finally, Citigroup upped their price target on nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, nVent Electric presently has a consensus rating of “Buy” and a consensus target price of $184.20.

nVent Electric Stock Performance

NYSE:NVT opened at $163.52 on Tuesday. The stock’s fifty day moving average is $149.06 and its 200 day moving average is $123.86. nVent Electric PLC has a fifty-two week low of $67.21 and a fifty-two week high of $178.00. The firm has a market capitalization of $26.44 billion, a PE ratio of 54.33, a PEG ratio of 1.54 and a beta of 1.35. 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 (NYSE:NVT) last released its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company 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 firm posted $0.67 EPS. nVent Electric’s quarterly revenue was up 53.5% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its board has authorized a stock repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.

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.