Sumitomo Mitsui DS Asset Management Company Ltd Acquires New Holdings in nVent Electric PLC $NVT

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of nVent Electric PLC (NYSE:NVT) in the third quarter, HoldingsChannel reports. The institutional investor acquired 18,647 shares of the company’s stock, valued at approximately $2,990,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of 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 lifted its holdings in nVent Electric by 236.1% during the 2nd quarter. MCF Advisors LLC now owns 242 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Financial Consulate Inc. lifted its holdings in nVent Electric by 1,431.2% during the 2nd quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock worth $42,000 after purchasing an additional 229 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its stake in nVent Electric by 136.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 371 shares of the company’s stock valued at $44,000 after purchasing an additional 214 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in nVent Electric in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In other 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 of the company’s stock, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Randolph Wacker sold 22,525 shares of the 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 sale, the chief accounting officer directly owned 27,441 shares in the company, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is currently owned by company insiders.

nVent Electric Stock Down 13.1%

Shares of NVT opened at $126.94 on Friday. nVent Electric PLC has a 12 month low of $93.22 and a 12 month high of $184.64. The firm’s 50 day moving average is $156.63 and its 200-day moving average is $157.10. The stock has a market capitalization of $20.55 billion, a PE ratio of 34.68, a P/E/G ratio of 0.79 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.

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

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s payout ratio is currently 22.95%.

Analyst Upgrades and Downgrades

NVT has been the topic of a number of research reports. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. UBS Group reissued a “buy” rating on shares of nVent Electric in a report on Tuesday, August 25th. Sanford C. Bernstein reissued an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd. Wolfe Research reissued an “outperform” rating and issued a $191.00 target price on shares of nVent Electric in a research report on Thursday, July 9th. Finally, Roth Capital restated a “buy” rating and issued a $210.00 price target (up from $195.00) on shares of nVent Electric in a research note on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $198.82.

About nVent Electric

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.