nVent Electric PLC $NVT Stake Lowered by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in nVent Electric PLC (NYSE:NVT) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,641 shares of the company’s stock after selling 5,335 shares during the period. Gabelli Funds LLC’s holdings in nVent Electric were worth $9,065,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gamco Investors INC. ET AL increased its position in nVent Electric by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock worth $1,167,000 after buying an additional 93 shares during the last quarter. Morningstar Investment Management LLC bought a new position in nVent Electric in the 1st quarter worth approximately $332,000. Arrowstreet Capital Limited Partnership raised its stake in nVent Electric by 130.3% during the 1st 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 position in shares of nVent Electric during the first quarter valued at about $14,903,000. Finally, Gibbs Wealth Management raised its holdings in nVent Electric by 203.6% in the 1st quarter. Gibbs Wealth Management now owns 8,391 shares of the company’s stock valued at $993,000 after acquiring an additional 5,627 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the transaction, the chief marketing officer owned 225 shares in the company, valued at approximately $38,250. This trade represents a 94.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the transaction, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. This represents a 40.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,685 shares of company stock valued at $14,961,768 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVT shares. Royal Bank Of Canada raised their price objective on shares of nVent Electric from $180.00 to $193.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Finally, Barclays boosted their price objective on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $190.57.

nVent Electric Stock Performance

NVT stock opened at $151.51 on Monday. nVent Electric PLC has a twelve month low of $77.09 and a twelve month high of $184.64. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The company has a market cap of $24.50 billion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The business’s fifty day moving average is $163.72 and its 200-day moving average is $137.77.

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

nVent Electric declared that its board has approved a stock repurchase plan on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

nVent Electric Dividend Announcement

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

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.