nVent Electric PLC $NVT Stock Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of nVent Electric PLC (NYSE:NVT) by 170.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,096 shares of the company’s stock after acquiring an additional 53,582 shares during the period. Crossmark Global Holdings Inc.’s holdings in nVent Electric were worth $13,647,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in nVent Electric by 16.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 76,540 shares of the company’s stock valued at $12,982,000 after purchasing an additional 11,033 shares during the period. State Street Corp increased its holdings in shares of nVent Electric by 4.9% during the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock worth $901,159,000 after purchasing an additional 250,248 shares during the period. Alua Capital Management LP bought a new position in shares of nVent Electric during the 1st quarter worth about $27,394,000. Engineers Gate Manager LP raised its position in shares of nVent Electric by 327.1% during the second quarter. Engineers Gate Manager LP now owns 33,538 shares of the company’s stock valued at $5,688,000 after buying an additional 25,686 shares during the last quarter. Finally, Corient Private Wealth LP lifted its stake in shares of nVent Electric by 96.0% in the second quarter. Corient Private Wealth LP now owns 36,357 shares of the company’s stock valued at $6,167,000 after buying an additional 17,806 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Trading Down 13.1%

NVT stock opened at $126.94 on Friday. nVent Electric PLC has a 1-year low of $93.22 and a 1-year high of $184.64. 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 business’s 50 day moving average is $156.63 and its 200-day moving average is $157.10. The firm has a market cap of $20.55 billion, a P/E ratio of 34.68, a P/E/G ratio of 0.79 and a beta of 1.35.

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

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 23rd. nVent Electric’s payout ratio is currently 22.95%.

Wall Street Analyst Weigh In

NVT has been the topic of several research reports. Clear Str upgraded nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. initiated coverage on nVent Electric in a report on Tuesday. They set an “overweight” rating and a $167.00 price objective on the stock. Seaport Research Partners restated a “neutral” rating and set a $225.00 price objective on shares of nVent Electric in a research report on Monday, October 12th. Wells Fargo & Company assumed coverage on nVent Electric in a research report on Thursday, September 24th. They set an “equal weight” rating and a $182.00 price objective on the stock. Finally, BMO Capital Markets began coverage on shares of nVent Electric in a research note on Sunday, October 4th. They set an “outperform” rating and a $212.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and a consensus price target of $198.82.

Insider Activity

In related news, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the completion of the transaction, the chief accounting officer directly owned 27,441 shares of the company’s stock, valued at $4,517,337.42. This trade represents a 45.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the transaction, the insider owned 27,387 shares in the company, valued at approximately $4,500,231.84. This trade represents a 17.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 74,644 shares of company stock worth $12,276,886. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Profile

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.