R Squared Ltd Has $389,000 Stock Holdings in nVent Electric PLC $NVT

R Squared Ltd decreased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 58.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,286 shares of the company’s stock after selling 4,665 shares during the period. R Squared Ltd’s holdings in nVent Electric were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NVT. Norges Bank acquired a new stake in shares of nVent Electric in the 4th quarter valued at approximately $245,955,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of nVent Electric by 361.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after buying an additional 2,019,483 shares during the period. Holocene Advisors LP bought a new stake in shares of nVent Electric during the third quarter worth $151,265,000. Balyasny Asset Management L.P. raised its holdings in shares of nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after acquiring an additional 1,288,924 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in shares of nVent Electric in the 2nd quarter valued at about $78,222,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Performance

NVT opened at $153.26 on Wednesday. The business’s 50-day simple moving average is $164.80 and its 200 day simple moving average is $132.82. nVent Electric PLC has a 52-week low of $68.90 and a 52-week high of $184.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market capitalization of $24.79 billion, a PE ratio of 50.92, a PEG ratio of 1.48 and a beta of 1.36.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during 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 business’s revenue was up 53.5% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts expect that nVent Electric PLC will post 4.56 earnings per share for the current fiscal year.

nVent Electric announced that its board has initiated a share buyback plan on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the sale, the chief accounting officer directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $174.00, for a total value of $2,773,908.00. Following the transaction, the executive vice president owned 23,243 shares of the company’s stock, valued at $4,044,282. The trade was a 40.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVT. UBS Group reissued a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. The Goldman Sachs Group upped their price target on nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Melius Research began coverage on shares of nVent Electric in a research note on Tuesday, June 16th. They set a “buy” rating and a $214.00 price target for the company. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $189.50.

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.