Crawford Investment Counsel Inc. Sells 16,588 Shares of nVent Electric PLC $NVT

Crawford Investment Counsel Inc. cut its position in shares of nVent Electric PLC (NYSE:NVT) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,971 shares of the company’s stock after selling 16,588 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in nVent Electric were worth $25,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NVT. Norges Bank bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $245,955,000. Holocene Advisors LP bought a new stake in shares of nVent Electric during the third quarter valued at approximately $151,265,000. Balyasny Asset Management L.P. boosted its position in shares of nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after purchasing an additional 1,288,924 shares in the last quarter. Merewether Investment Management LP bought a new stake in shares of nVent Electric during the second quarter valued at approximately $78,222,000. Finally, Swedbank AB bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $59,312,000. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Trading Down 0.8%

Shares of NYSE:NVT opened at $167.57 on Wednesday. The company has a market cap of $27.10 billion, a P/E ratio of 55.67, a PEG ratio of 1.60 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. nVent Electric PLC has a 1 year low of $68.60 and a 1 year high of $178.00. The stock’s fifty day moving average price is $154.70 and its 200-day moving average price is $126.42.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results 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. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. 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. Sell-side analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric Announces Dividend

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

nVent Electric announced that its Board of Directors has approved a share repurchase program on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

NVT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $187.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Citigroup lifted their price target on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Roth Mkm reissued a “buy” rating and issued a $185.00 target price on shares of nVent Electric in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $189.50.

Insider Activity at nVent Electric

In related news, EVP Lynnette R. Heath sold 27,471 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the completion of the sale, the executive vice president owned 37,089 shares in the company, valued at approximately $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Randolph A. Wacker sold 4,094 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the sale, the chief accounting officer owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 87,685 shares of company stock valued at $14,961,768 in the last 90 days. 1.70% of the stock is owned by company insiders.

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.