Flputnam Investment Management Co. Trims Stake in nVent Electric PLC $NVT

Flputnam Investment Management Co. lessened its position in nVent Electric PLC (NYSE:NVT) by 32.6% in the second quarter, HoldingsChannel reports. The firm owned 50,284 shares of the company’s stock after selling 24,296 shares during the quarter. Flputnam Investment Management Co.’s holdings in nVent Electric were worth $8,529,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NVT. Manchester Capital Management LLC grew its stake in nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of nVent Electric during the 4th quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of nVent Electric during the 3rd quarter valued at $35,000. Elyxium Wealth LLC purchased a new stake in shares of nVent Electric in the 4th quarter worth about $36,000. Finally, Elevation Wealth Partners LLC grew its position in shares of nVent Electric by 554.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock worth $37,000 after buying an additional 183 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVT has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $200.00 price target on shares of nVent Electric in a research report on Saturday, August 1st. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Robert W. Baird lifted their target price on shares of nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Evercore reissued an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, nVent Electric currently has an average rating of “Buy” and an average target price of $199.86.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $149.00 on Friday. nVent Electric PLC has a 1 year low of $87.16 and a 1 year high of $184.64. The firm’s 50-day moving average is $159.15 and its 200 day moving average is $145.80. The stock has a market cap of $24.12 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33.

nVent Electric (NYSE:NVT) last issued 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 net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts anticipate that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

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

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the sale, the chief executive officer directly owned 55,612 shares in the company, valued at approximately $9,143,725.04. This trade represents a 45.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the sale, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is owned by corporate insiders.

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.