nVent Electric PLC $NVT Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. decreased its position in shares of nVent Electric PLC (NYSE:NVT) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,454,085 shares of the company’s stock after selling 103,093 shares during the quarter. nVent Electric comprises 1.8% of Johnson Investment Counsel Inc.’s holdings, making the stock its 9th largest holding. Johnson Investment Counsel Inc.’s holdings in nVent Electric were worth $246,627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVT. Elevation Wealth Partners LLC grew its position in nVent Electric by 554.5% in the 2nd 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 period. Manchester Capital Management LLC increased its stake 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 in the last quarter. Cullen Frost Bankers Inc. acquired a new position in nVent Electric during the fourth quarter worth $32,000. Elyxium Wealth LLC bought a new position in shares of nVent Electric in the fourth quarter valued at $36,000. Finally, Advisory Services Network LLC bought a new position in shares of nVent Electric in the third quarter valued at $35,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVT has been the subject of a number of analyst reports. Zacks Research upgraded shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Royal Bank Of Canada raised their price target on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. KeyCorp lifted their price target on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Sanford C. Bernstein set a $220.00 price objective on nVent Electric in a report on Thursday, July 9th. Finally, Clear Str raised nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $198.79.

nVent Electric Price Performance

NVT opened at $169.98 on Friday. nVent Electric PLC has a 1 year low of $85.72 and a 1 year high of $184.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 46.44, a P/E/G ratio of 1.44 and a beta of 1.37. The firm’s fifty day moving average price is $161.10 and its two-hundred day moving average price is $142.62.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. 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, analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

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

nVent Electric declared that its Board of Directors has initiated a share repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at nVent Electric

In other news, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the transaction, the insider owned 27,387 shares in the company, valued at $4,500,231.84. The trade was a 17.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 22,525 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the transaction, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 74,644 shares of company stock worth $12,276,886. 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.