nVent Electric PLC $NVT Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of nVent Electric PLC (NYSE:NVT) by 130.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 298,175 shares of the company’s stock after buying an additional 168,520 shares during the period. Nordea Investment Management AB’s holdings in nVent Electric were worth $30,664,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NVT. Global Trust Asset Management LLC purchased a new position in nVent Electric in the third quarter worth approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of nVent Electric in the 3rd quarter valued at approximately $31,000. Advisory Services Network LLC purchased a new stake in shares of nVent Electric in the 3rd quarter valued at approximately $35,000. First Horizon Corp acquired a new stake in shares of nVent Electric in the 3rd quarter valued at $41,000. Finally, Manchester Capital Management LLC lifted its position in shares of nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings upgraded shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. Wall Street Zen cut nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Barclays lifted their price target on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Wolfe Research raised nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Finally, Citigroup increased their price objective on nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, nVent Electric presently has an average rating of “Moderate Buy” and a consensus target price of $138.50.

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 7,597 shares of nVent Electric stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the transaction, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan M. Cameron sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total value of $572,600.00. Following the completion of the sale, the director owned 13,405 shares of the company’s stock, valued at approximately $1,535,140.60. This represents a 27.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,841 shares of company stock valued at $2,046,166 in the last three months. 2.50% of the stock is currently owned by company insiders.

nVent Electric Trading Up 4.1%

NYSE NVT opened at $126.01 on Wednesday. The firm’s fifty day moving average price is $114.13 and its 200 day moving average price is $106.73. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $126.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $0.59 earnings per share. nVent Electric’s quarterly revenue was up 41.9% compared to the same quarter last year. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, sell-side analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric’s payout ratio is presently 19.53%.

nVent Electric Company Profile

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.