Flputnam Investment Management Co. Has $6.76 Million Stake in nVent Electric PLC $NVT

Key Points

• Flputnam Investment Management boosted its nVent Electric stake by 16.9% in the fourth quarter, ending with 66,297 shares valued at about $6.76 million.
• nVent Electric reported better-than-expected earnings for the quarter, with EPS of $1.09 versus $0.94 expected and revenue of $1.24 billion versus $1.11 billion expected. The company also raised guidance for Q2 2026 and FY 2026.
• The board approved a $500 million stock buyback, while the company also declared a quarterly dividend of $0.21 per share payable on August 7.

Flputnam Investment Management Co. increased its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,297 shares of the company's stock after acquiring an additional 9,570 shares during the period. Flputnam Investment Management Co.'s holdings in nVent Electric were worth $6,760,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Annex Advisory Services LLC increased its holdings in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company's stock valued at $331,000 after acquiring an additional 94 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of nVent Electric by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company's stock valued at $267,000 after acquiring an additional 94 shares during the last quarter. CI Investments Inc. increased its holdings in shares of nVent Electric by 15.6% during the 3rd quarter. CI Investments Inc. now owns 712 shares of the company's stock valued at $70,000 after acquiring an additional 96 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of nVent Electric by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company's stock valued at $1,055,000 after acquiring an additional 98 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of nVent Electric by 1.9% during the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company's stock valued at $554,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Price Performance

nVent Electric stock opened at $168.05 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The company has a market capitalization of $27.18 billion, a PE ratio of 55.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. nVent Electric PLC has a one year low of $63.60 and a one year high of $175.00. The business has a 50 day simple moving average of $141.33 and a 200 day simple moving average of $120.42.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The business 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%.nVent Electric's revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, sell-side analysts forecast that nVent Electric PLC will post 4.55 EPS 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 repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a $0.21 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric's payout ratio is presently 27.91%.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric stock in a transaction on 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 completion of the transaction, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. The trade was a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction on 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 transaction, the chief accounting officer 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVT. Barclays increased their target price on nVent Electric from $150.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Wall Street Zen upgraded nVent Electric from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 23rd. Zacks Research upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $187.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded nVent Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.

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