nVent Electric PLC $NVT Stock Holdings Boosted by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its nVent Electric stake by 47.2% in the first quarter, bringing its holdings to 45,341 shares valued at $5.36 million. Institutional investors collectively own 90.05% of the company.
• Analysts remain bullish, with nVent receiving an average “Buy” rating and a consensus price target of $198.79, above its reported trading price of $167.11.
• nVent reported strong quarterly results, with EPS of $1.45 beating estimates by $0.29 and revenue rising 52.8% year over year to $1.47 billion. The company also declared a $0.21 quarterly dividend and authorized a $500 million share-buyback program, while senior executives sold shares.

NewEdge Advisors LLC increased its position in nVent Electric PLC (NYSE:NVT - Free Report) by 47.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,341 shares of the company's stock after acquiring an additional 14,539 shares during the period. NewEdge Advisors LLC's holdings in nVent Electric were worth $5,363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NVT. AlTi Global Inc. grew its position in nVent Electric by 1.8% in the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company's stock worth $483,000 after purchasing an additional 74 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in shares of nVent Electric by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company's stock worth $977,000 after buying an additional 77 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of nVent Electric by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company's stock worth $1,167,000 after buying an additional 93 shares during the period. Annex Advisory Services LLC boosted its position in shares of nVent Electric by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company's stock worth $331,000 after buying an additional 94 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company's stock worth $267,000 after buying an additional 94 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVT. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $187.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Sanford C. Bernstein set a $220.00 price target on nVent Electric in a report on Thursday, July 9th. Wolfe Research restated an "outperform" rating and set a $191.00 price objective on shares of nVent Electric in a research note on Thursday, July 9th. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $193.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Barclays increased their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $198.79.

nVent Electric Trading Up 2.9%

Shares of NVT opened at $167.11 on Wednesday. The business's 50-day moving average price is $161.28 and its 200 day moving average price is $141.77. 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 stock has a market capitalization of $27.05 billion, a P/E ratio of 45.66, a P/E/G ratio of 1.36 and a beta of 1.37. nVent Electric PLC has a 1-year low of $85.72 and a 1-year high of $184.64.

nVent Electric (NYSE:NVT - Get Free Report) last announced 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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business's revenue for the quarter was up 52.8% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. 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 expect that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric Dividend Announcement

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

nVent Electric declared that its Board of Directors has approved a share buyback plan on Saturday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at nVent Electric

In related news, CAO Randolph A. Wacker sold 22,525 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 55,612 shares of the company's stock, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 74,644 shares of company stock valued at $12,276,886 in the last three months. 1.70% of the stock is currently owned by company insiders.

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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