Legal & General Group Plc Sells 3,713 Shares of nVent Electric PLC $NVT

Legal & General Group Plc lessened its holdings in shares of nVent Electric PLC (NYSE:NVT) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 393,996 shares of the company’s stock after selling 3,713 shares during the period. Legal & General Group Plc’s holdings in nVent Electric were worth $40,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in nVent Electric during the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in nVent Electric during the 4th quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in nVent Electric during the 3rd quarter valued at approximately $35,000. Torren Management LLC bought a new stake in nVent Electric during the 4th quarter valued at approximately $40,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in nVent Electric during the 4th quarter valued at approximately $45,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the transaction, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $38,250. The trade was a 94.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 27,471 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value of $4,603,864.89. Following the transaction, the executive vice president directly owned 37,089 shares in the company, valued at approximately $6,215,745.51. This represents a 42.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 87,685 shares of company stock worth $14,961,768. Company insiders own 1.70% of the company’s stock.

nVent Electric Stock Performance

NYSE:NVT opened at $166.73 on Friday. 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 $63.60 and a 1 year high of $175.00. The stock’s 50 day simple moving average is $143.26 and its two-hundred day simple moving average is $121.12. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 1.58 and a beta of 1.32.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The business 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 revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. 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. As a group, equities analysts anticipate that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric declared that its board has authorized a stock buyback 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 an indication that the company’s board believes its stock is undervalued.

nVent Electric Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Evercore reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. UBS Group lifted their price objective on nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Wolfe Research raised nVent Electric to an “outperform” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $184.20.

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.