nVent Electric PLC $NVT Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of nVent Electric PLC (NYSE:NVT) by 47.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,496 shares of the company’s stock after buying an additional 3,364 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in nVent Electric were worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Manchester Capital Management LLC boosted its position in nVent Electric by 128.1% during the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in nVent Electric in the 4th quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in nVent Electric in the 3rd quarter worth approximately $35,000. Elyxium Wealth LLC acquired a new position in shares of nVent Electric during the 4th quarter worth approximately $36,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of nVent Electric by 554.5% in the second quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock valued at $37,000 after purchasing an additional 183 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Trading Up 2.9%

Shares of nVent Electric stock opened at $167.11 on Wednesday. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 1.36 and a beta of 1.37. nVent Electric PLC has a fifty-two week low of $85.72 and a fifty-two week high of $184.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. The stock has a 50 day moving average of $161.28 and a 200 day moving average of $141.77.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, research analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is presently 22.95%.

nVent Electric declared that its board has authorized a stock repurchase plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

NVT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. Sanford C. Bernstein set a $220.00 target price on nVent Electric in a research note on Thursday, July 9th. 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 research report on Monday, May 4th. Roth Capital reissued a “buy” rating and issued a $195.00 price objective on shares of nVent Electric in a report on Monday, August 3rd. Finally, Wolfe Research restated an “outperform” rating and set a $191.00 price objective on shares of nVent Electric in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $198.79.

Insider Activity at nVent Electric

In other news, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the completion of the sale, the chief executive officer directly owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the sale, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 74,644 shares of company stock worth $12,276,886. Company insiders own 1.70% of the company’s stock.

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.