Gabelli Funds LLC Has $9.06 Million Stake in nVent Electric PLC $NVT

Gabelli Funds LLC trimmed its position in shares of nVent Electric PLC (NYSE:NVT) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,641 shares of the company’s stock after selling 5,335 shares during the quarter. Gabelli Funds LLC’s holdings in nVent Electric were worth $9,065,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC increased its position in nVent Electric by 128.1% during the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of nVent Electric in the 4th quarter worth about $32,000. Elyxium Wealth LLC bought a new position in shares of nVent Electric in the 4th quarter worth about $36,000. Advisory Services Network LLC acquired a new position in shares of nVent Electric in the 3rd quarter valued at about $35,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of nVent Electric in the 4th quarter valued at about $40,000. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at nVent Electric

In other news, CMO Martha Claire Bennett sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer owned 225 shares in the company, valued at $38,250. This trade represents a 94.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 27,471 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value of $4,603,864.89. Following the transaction, the executive vice president directly owned 37,089 shares in the company, valued at $6,215,745.51. This represents a 42.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 87,685 shares of company stock worth $14,961,768. Company insiders own 1.70% of the company’s stock.

nVent Electric Stock Performance

NYSE NVT opened at $151.51 on Monday. nVent Electric PLC has a 1 year low of $77.09 and a 1 year high of $184.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.43 and a beta of 1.36. The company has a fifty day moving average price of $163.72 and a 200-day moving average price of $137.77.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that nVent Electric PLC will post 4.56 EPS for the current fiscal year.

nVent Electric announced that its board has initiated a stock repurchase program on Saturday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

nVent Electric Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.6%. nVent Electric’s dividend payout ratio is currently 27.91%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVT shares. Roth Capital reaffirmed a “buy” rating and set a $185.00 price objective on shares of nVent Electric in a research report on Friday. Clear Str upgraded shares of nVent Electric to a “strong-buy” rating in a research report on Monday, July 13th. Robert W. Baird initiated coverage on shares of nVent Electric in a research note on Wednesday, July 15th. They set an “outperform” rating and a $188.00 target price on the stock. Weiss Ratings cut shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and an average price target of $190.57.

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.