Compass Rose Asset Management LP Purchases New Shares in nVent Electric PLC $NVT

Compass Rose Asset Management LP purchased a new position in nVent Electric PLC (NYSE:NVT) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 126,000 shares of the company’s stock, valued at approximately $14,903,000. nVent Electric makes up 1.1% of Compass Rose Asset Management LP’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC purchased a new position in shares of nVent Electric in the 4th quarter worth about $599,000. Swedbank AB bought a new position in nVent Electric in the 4th quarter worth about $59,312,000. Katamaran Capital LLP purchased a new stake in nVent Electric during the 4th quarter valued at about $2,171,000. Dougherty & Associates LLC purchased a new stake in nVent Electric during the 4th quarter valued at about $987,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in nVent Electric by 103.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after purchasing an additional 9,734 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NVT. Roth Capital reiterated a “buy” rating and set a $185.00 price target on shares of nVent Electric in a report on Monday, May 4th. UBS Group restated a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Robert W. Baird initiated coverage on nVent Electric in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $188.00 price objective on the stock. The Goldman Sachs Group increased their target price on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Clear Str raised nVent Electric to a “strong-buy” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $190.57.

nVent Electric Stock Up 0.1%

Shares of NVT opened at $158.64 on Friday. The firm has a fifty day moving average price of $164.07 and a 200-day moving average price of $137.46. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $25.65 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.50 and a beta of 1.36. nVent Electric PLC has a 12-month low of $76.23 and a 12-month high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. 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 research analysts expect that nVent Electric PLC will post 4.56 earnings per share for the current year.

nVent Electric Announces Dividend

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

nVent Electric announced that its Board of Directors has initiated a stock repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the completion of the transaction, the executive vice president directly owned 37,089 shares of the company’s stock, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the transaction, the insider owned 97,068 shares of the company’s stock, valued at approximately $16,743,259.32. This trade represents a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,685 shares of company stock worth $14,961,768 in the last ninety days. 1.70% of the stock is owned by company insiders.

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.