Congress Asset Management Co. Cuts Stake in nVent Electric PLC $NVT

Congress Asset Management Co. trimmed its holdings in nVent Electric PLC (NYSE:NVT) by 36.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 626,243 shares of the company’s stock after selling 357,632 shares during the period. Congress Asset Management Co.’s holdings in nVent Electric were worth $100,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi boosted its holdings in nVent Electric by 146.8% during the 1st quarter. Amundi now owns 1,092,802 shares of the company’s stock valued at $129,257,000 after acquiring an additional 649,992 shares during the period. First Trust Advisors LP increased its stake in nVent Electric by 32.8% in the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock worth $200,647,000 after purchasing an additional 419,239 shares during the period. Engineers Gate Manager LP increased its stake in nVent Electric by 440.5% in the fourth quarter. Engineers Gate Manager LP now owns 450,366 shares of the company’s stock worth $45,924,000 after purchasing an additional 367,042 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of nVent Electric by 49.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 965,938 shares of the company’s stock worth $98,497,000 after purchasing an additional 317,633 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 worth $59,301,000 after purchasing an additional 283,671 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVT shares. Wells Fargo & Company began coverage on shares of nVent Electric in a report on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 price target on the stock. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Weiss Ratings lowered shares of nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Wolfe Research reissued an “outperform” rating and issued a $191.00 price objective on shares of nVent Electric in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of nVent Electric in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $199.50.

nVent Electric Stock Up 3.9%

Shares of NVT stock traded up $6.48 during mid-day trading on Tuesday, hitting $173.65. The stock had a trading volume of 2,572,655 shares, compared to its average volume of 2,232,410. nVent Electric PLC has a 12-month low of $93.22 and a 12-month high of $184.64. The firm has a market capitalization of $28.11 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The firm’s 50-day moving average is $157.93 and its two-hundred day moving average is $154.03. 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 posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, October 23rd. nVent Electric’s dividend payout ratio is presently 22.95%.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph Wacker sold 22,525 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,644 shares of company stock worth $12,276,886 in the last three months. Corporate insiders own 1.70% of the company’s stock.

About nVent Electric

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.