nVent Electric PLC $NVT Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of nVent Electric PLC (NYSE:NVT) by 14.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,818 shares of the company’s stock after selling 15,112 shares during the period. Public Employees Retirement System of Ohio’s holdings in nVent Electric were worth $10,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVT. Arrowstreet Capital Limited Partnership grew its holdings in shares of nVent Electric by 130.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 501,362 shares of the company’s stock valued at $59,301,000 after purchasing an additional 283,671 shares during the last quarter. Compass Rose Asset Management LP acquired a new stake in shares of nVent Electric during the 1st quarter worth approximately $14,903,000. Gibbs Wealth Management lifted its holdings in shares of nVent Electric by 203.6% in the 1st quarter. Gibbs Wealth Management now owns 8,391 shares of the company’s stock worth $993,000 after purchasing an additional 5,627 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of nVent Electric by 8.1% in the 1st quarter. Sei Investments Co. now owns 114,640 shares of the company’s stock worth $13,559,000 after purchasing an additional 8,579 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in nVent Electric by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 95,134 shares of the company’s stock valued at $11,252,000 after purchasing an additional 6,435 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the completion of the sale, the executive vice president owned 23,243 shares of the company’s stock, valued at $4,044,282. This represents a 40.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of the stock in a transaction dated Wednesday, May 13th. The shares were 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 $16,743,259.32. This represents a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 87,685 shares of company stock valued at $14,961,768. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVT. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein set a $220.00 price target on shares of nVent Electric in a report on Thursday, July 9th. UBS Group restated a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $185.00 price objective on shares of nVent Electric in a report on Friday. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $190.57.

nVent Electric Stock Down 0.2%

NVT opened at $151.51 on Monday. nVent Electric PLC has a 12 month low of $77.09 and a 12 month 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 stock has a market cap of $24.50 billion, a P/E ratio of 50.33, a P/E/G ratio of 1.43 and a beta of 1.36. The stock’s 50 day moving average price is $163.72 and its 200 day moving average price is $137.77.

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

nVent Electric announced that its Board of Directors has approved a stock buyback program on Saturday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is currently 27.91%.

nVent Electric 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.