nVent Electric PLC $NVT Holdings Lifted by Verition Fund Management LLC

Verition Fund Management LLC grew its stake in shares of nVent Electric PLC (NYSE:NVT) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,317 shares of the company’s stock after purchasing an additional 33,242 shares during the period. Verition Fund Management LLC’s holdings in nVent Electric were worth $18,387,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of nVent Electric by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after purchasing an additional 217,485 shares during the last quarter. Norges Bank purchased a new stake in shares of nVent Electric during the fourth quarter valued at $245,955,000. Bank of New York Mellon Corp lifted its holdings in shares of nVent Electric by 13.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,949,761 shares of the company’s stock valued at $198,817,000 after purchasing an additional 234,755 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of nVent Electric by 2.4% during the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock valued at $180,551,000 after purchasing an additional 43,502 shares during the last quarter. Finally, Merewether Investment Management LP lifted its holdings in shares of nVent Electric by 59.2% during the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after purchasing an additional 631,800 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Up 1.8%

NVT opened at $168.86 on Tuesday. nVent Electric PLC has a fifty-two week low of $68.60 and a fifty-two week high of $178.00. The business has a 50-day moving average of $153.71 and a 200-day moving average of $125.99. 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 company has a market capitalization of $27.31 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned $0.67 EPS. The business’s quarterly revenue 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. Equities research analysts forecast that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric declared that its Board of Directors has authorized a share buyback plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

Insider Activity at nVent Electric

In other news, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at $8,257,472.61. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares of the company’s stock, valued at $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on NVT shares. Roth Mkm reaffirmed a “buy” rating and set a $185.00 target price on shares of nVent Electric in a report on Monday, May 4th. Sanford C. Bernstein set a $218.00 target price on nVent Electric and gave the company an “outperform” rating in a report on Tuesday, June 9th. KeyCorp upped their target price on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a report on Thursday. Finally, Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $187.27.

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.