New York State Teachers Retirement System Cuts Stock Position in nVent Electric PLC $NVT

New York State Teachers Retirement System cut its position in shares of nVent Electric PLC (NYSE:NVT) by 3.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 165,556 shares of the company’s stock after selling 5,178 shares during the period. New York State Teachers Retirement System’s holdings in nVent Electric were worth $19,582,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC grew its position in nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after purchasing an additional 872 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock valued at $3,008,000 after purchasing an additional 9,898 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of nVent Electric by 57.7% during the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after purchasing an additional 2,977 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Trading Up 0.1%

Shares of NVT opened at $152.29 on Friday. The stock has a market capitalization of $24.63 billion, a P/E ratio of 50.60, a PEG ratio of 1.44 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $164.30 and a two-hundred day simple moving average of $131.82. nVent Electric PLC has a twelve month low of $68.90 and a twelve month high of $184.64.

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, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, research analysts anticipate that nVent Electric PLC will post 4.56 EPS for the current year.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is currently 27.91%.

nVent Electric declared that its Board of Directors has initiated a share 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 purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

NVT has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and issued a $190.00 target price on shares of nVent Electric in a research report on Monday, May 4th. 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. KeyCorp lifted their price objective on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Melius Research assumed coverage on nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $189.50.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. Wacker sold 4,094 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the transaction, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. The trade was a 7.59% 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, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the transaction, the executive vice president directly owned 23,243 shares in the company, valued at $4,044,282. This trade represents a 40.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 over the last three months. 1.70% of the stock is owned by corporate 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.