nVent Electric PLC $NVT Stock Holdings Lifted by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its position in nVent Electric PLC (NYSE:NVT) by 44.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,319 shares of the company’s stock after acquiring an additional 4,405 shares during the quarter. Gateway Investment Advisers LLC’s holdings in nVent Electric were worth $2,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVT. Kestra Private Wealth Services LLC bought a new stake in nVent Electric during the 4th quarter valued at $599,000. Swedbank AB purchased a new position in shares of nVent Electric during the fourth quarter valued at $59,312,000. Katamaran Capital LLP purchased a new position in shares of nVent Electric during the fourth quarter valued at $2,171,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of nVent Electric by 103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after acquiring an additional 9,734 shares in the last quarter. Finally, Dougherty & Associates LLC bought a new stake in shares of nVent Electric in the fourth quarter valued at about $987,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Price Performance

NVT opened at $171.56 on Thursday. The firm has a market capitalization of $27.77 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 1.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The business’s 50-day moving average is $161.18 and its two-hundred day moving average is $142.20. nVent Electric PLC has a 1 year low of $85.72 and a 1 year high of $184.64.

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

nVent Electric declared that its Board of Directors has initiated a stock buyback plan on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. nVent Electric’s payout ratio is 22.95%.

Insider Activity at nVent Electric

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This trade represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of nVent Electric 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 completion of the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at $9,143,725.04. This represents a 45.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 74,644 shares of company stock valued at $12,276,886 over the last 90 days. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

NVT has been the topic of several recent research reports. Zacks Research upgraded shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Barclays upped their price target on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Evercore reiterated an “outperform” rating and set a $210.00 price objective on shares of nVent Electric in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a research note 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $198.79.

nVent Electric Profile

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.