The Manufacturers Life Insurance Company Has $21.99 Million Stock Position in nVent Electric PLC $NVT

The Manufacturers Life Insurance Company reduced its stake in shares of nVent Electric PLC (NYSE:NVT) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,666 shares of the company’s stock after selling 6,193 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in nVent Electric were worth $21,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC lifted its position in nVent Electric by 554.5% during the second quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock worth $37,000 after purchasing an additional 183 shares during the period. MCF Advisors LLC increased its holdings in nVent Electric by 236.1% in the 2nd quarter. MCF Advisors LLC now owns 242 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the period. Financial Consulate Inc. increased its holdings in nVent Electric by 1,431.2% in the 2nd quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock valued at $42,000 after buying an additional 229 shares during the period. Manchester Capital Management LLC raised its position in shares of nVent Electric by 128.1% in the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after buying an additional 173 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of nVent Electric in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the sale, the chief executive officer owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert van der Kolk sold 5,858 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This trade represents a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NVT. Wolfe Research reiterated an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a research report on Thursday, July 9th. Evercore restated an “outperform” rating and set a $210.00 price objective on shares of nVent Electric in a research report on Monday, August 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. Weiss Ratings downgraded nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $215.00 price target on shares of nVent Electric in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $199.86.

nVent Electric Trading Up 4.8%

NVT opened at $162.61 on Friday. The company’s 50 day moving average is $157.06 and its 200-day moving average is $148.65. nVent Electric PLC has a 1-year low of $93.22 and a 1-year high of $184.64. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The company has a market cap of $26.32 billion, a P/E ratio of 44.43, a PEG ratio of 1.36 and a beta of 1.36.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. 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. Equities research analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric announced that its Board of Directors has approved a share buyback plan on Saturday, May 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

nVent Electric Profile

nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.