nVent Electric PLC $NVT Holdings Cut by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its nVent Electric stake by 96.4% in the third quarter, selling 195,862 shares and retaining 7,386 shares valued at approximately $1.19 million. Institutional investors and hedge funds collectively own 90.05% of the company.
• Analysts remain broadly positive, with nVent holding a consensus “Buy” rating and an average price target of $200.81. Recent targets range from $182 to $210, although Zacks Research downgraded the stock to “Hold.”
• nVent reported quarterly EPS of $1.45, exceeding estimates of $1.16, while revenue rose 52.8% year over year to $1.47 billion. The company also declared a quarterly dividend of $0.21 per share, representing a 0.6% annualized yield.

Copeland Capital Management LLC lessened its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 96.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,386 shares of the company's stock after selling 195,862 shares during the quarter. Copeland Capital Management LLC's holdings in nVent Electric were worth $1,185,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Amundi increased its holdings in nVent Electric by 146.8% in the 1st quarter. Amundi now owns 1,092,802 shares of the company's stock valued at $129,257,000 after purchasing an additional 649,992 shares during the last quarter. First Trust Advisors LP lifted its stake in nVent Electric by 32.8% during the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company's stock worth $200,647,000 after purchasing an additional 419,239 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in nVent Electric by 440.5% during the 4th quarter. Engineers Gate Manager LP now owns 450,366 shares of the company's stock valued at $45,924,000 after acquiring an additional 367,042 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in nVent Electric by 130.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 501,362 shares of the company's stock worth $59,301,000 after purchasing an additional 283,671 shares during the period. Finally, Swedbank AB increased its stake in nVent Electric by 46.8% during the first quarter. Swedbank AB now owns 854,040 shares of the company's stock worth $101,016,000 after purchasing an additional 272,379 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on NVT shares. Wolfe Research reissued an "outperform" rating and set a $191.00 price target on shares of nVent Electric in a research report on Thursday, July 9th. Roth Capital restated a "buy" rating and issued a $210.00 price objective (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Robert W. Baird upped their target price on shares of nVent Electric from $188.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. 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, Zacks Research cut nVent Electric from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, nVent Electric currently has a consensus rating of "Buy" and an average price target of $200.81.

nVent Electric Stock Performance

Shares of NVT stock opened at $152.53 on Thursday. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 0.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. nVent Electric PLC has a 1 year low of $93.22 and a 1 year high of $184.64. The stock's 50-day moving average is $159.77 and its two-hundred day moving average is $156.13.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.29. The firm had revenue of $1.47 billion for 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%. The firm's quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. Analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 annualized dividend and a yield of 0.6%. nVent Electric's dividend payout ratio is currently 22.95%.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. Wacker sold 22,525 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares of the company's stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the sale, the chief executive officer owned 55,612 shares of the company's stock, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,644 shares of company stock valued at $12,276,886 in the last ninety days. Insiders own 1.70% of the company's stock.

nVent Electric Company Profile

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.

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