Pacer Advisors Inc. Buys 9,881 Shares of nVent Electric PLC $NVT

Key Points

• Pacer Advisors increased its stake in nVent Electric by 32.4% in the fourth quarter, buying 9,881 additional shares and bringing its total holding to 40,416 shares valued at about $4.1 million.
• Wall Street sentiment remains upbeat: analysts now give nVent Electric a consensus Buy rating with a consensus price target of $189.50, and several firms recently raised their targets or upgraded the stock.
• The company reported strong quarterly results, beating EPS and revenue estimates, and it also announced a $0.21 quarterly dividend plus a $500 million share repurchase plan, signaling confidence in its outlook.

Pacer Advisors Inc. raised its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,416 shares of the company's stock after purchasing an additional 9,881 shares during the period. Pacer Advisors Inc.'s holdings in nVent Electric were worth $4,121,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Birchwood Financial Partners Inc. bought a new position in nVent Electric in the 4th quarter valued at about $40,000. Corient Private Wealth LLC increased its stake in shares of nVent Electric by 0.4% during the fourth quarter. Corient Private Wealth LLC now owns 34,083 shares of the company's stock worth $3,491,000 after purchasing an additional 150 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in nVent Electric by 27.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,855 shares of the company's stock worth $801,000 after purchasing an additional 1,668 shares during the last quarter. Galaxy Group Investments LLC bought a new stake in nVent Electric in the 4th quarter valued at $912,000. Finally, Vident Advisory LLC grew its holdings in nVent Electric by 6.0% in the 4th quarter. Vident Advisory LLC now owns 5,016 shares of the company's stock valued at $511,000 after buying an additional 283 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NVT shares. Zacks Research raised shares of nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 4th. The Goldman Sachs Group boosted their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the company a "buy" rating in a report on Monday, May 4th. Sanford C. Bernstein set a $218.00 target price on shares of nVent Electric and gave the stock an "outperform" rating in a report on Tuesday, June 9th. Evercore reiterated an "outperform" rating and issued a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Finally, KeyCorp raised their price objective on nVent Electric from $140.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, nVent Electric presently has a consensus rating of "Buy" and a consensus price target of $189.50.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total value of $4,603,864.89. Following the completion of the transaction, the executive vice president owned 37,089 shares of the company's stock, valued at approximately $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer owned 225 shares in the company, valued at approximately $38,250. The trade was a 94.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,685 shares of company stock worth $14,961,768 over the last quarter. 1.70% of the stock is currently owned by company insiders.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $184.33 on Tuesday. The firm has a 50 day moving average of $159.06 and a 200-day moving average of $128.43. nVent Electric PLC has a 12 month low of $68.60 and a 12 month high of $184.64. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $29.81 billion, a PE ratio of 61.24, a PEG ratio of 1.68 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.67 EPS. The firm's revenue for the quarter was up 53.5% on a year-over-year basis. 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, equities research analysts predict that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric's payout ratio is 27.91%.

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

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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