Flputnam Investment Management Co. Cuts Position in nVent Electric PLC $NVT

Flputnam Investment Management Co. lessened its position in nVent Electric PLC (NYSE:NVT) by 32.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,284 shares of the company’s stock after selling 24,296 shares during the quarter. Flputnam Investment Management Co.’s holdings in nVent Electric were worth $8,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its holdings 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 worth $31,000 after purchasing an additional 173 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in nVent Electric in the 4th quarter worth approximately $32,000. Advisory Services Network LLC purchased a new stake in nVent Electric in the third quarter worth approximately $35,000. Elyxium Wealth LLC purchased a new stake in nVent Electric in the fourth quarter worth approximately $36,000. Finally, Elevation Wealth Partners LLC grew 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 valued at $37,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Zacks Research raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Robert W. Baird upped their price target on shares of nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price objective on nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and a consensus price target of $199.86.

nVent Electric Stock Performance

nVent Electric stock opened at $149.00 on Friday. 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 firm has a 50-day moving average of $159.15 and a 200-day moving average of $145.80. The firm has a market cap of $24.12 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.25 and a beta of 1.37. nVent Electric PLC has a 1-year low of $87.16 and a 1-year high of $184.64.

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

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

Insider Transactions at nVent Electric

In other news, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction that occurred 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 directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the transaction, 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. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is currently owned by 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.